Please enable JavaScript.
Coggle requires JavaScript to display documents.
Competing in a global context (Globalisation (Convergence - stick to what…
Competing in a global context
Tax rates
Transfer pricing
arms length principle
Unitarian tax
exchange rates
Fluctuations benefit some countries but not others
Constant change in pricing
Can boost an countries economy if theres a drop in GBP
Offshoring profits
Tax dodging
Supply chain management
Outsourcing
Boosting developing countries economies
Cheaper costs in some cases
Quicker turnaround - happier stores and customers
Globalisation
Convergence - stick to what you know and is your business model
Divergence - adapt to the culture of the country your operating within
more connected world (shrinking world)
Integrating cultures
Economic and financial matters
Institutions
IMF
Both institutions are trying to make a difference as well as regulating
The World Bank
Offshoring production to reduce costs
Tax & Economical matters link together