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Competing in the global trade environment (Competition and trade among…
Competing in the global trade environment
Introduction
Practising business & management
nervous system / www
Global trade environment
Worldwide flows
labour
Goods
Money
services
Information
ICT & social networks
World trade organisation
General agreement on tariffs & trade GATT
North American free trade area (NAFTA) OR European Monetary union (EMU)
Coalition of countries important for global economy
Competition and trade among countries
Absolute comparative advantage
Relative comparative advantage
Other countries can make it cheaper
Porter's diamond model
Structure of firms & rivalry
Demand conditions
Related & supporting industries
Factor conditions
Natural values
culture
Economic structures
Institutions
Histories
Competition among business organisations
Porter's Five forces
Direct industry competitors
Suppliers
Buyers
Potential entrants
Substitute goods or services