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International Business - Coggle Diagram

- - - - goals
        
        Lower overall cost structure
        
        Improve the quality or functionality -> gain competitive advantage
      - take advantage of national differences in the cost and quality of factors of production (labor energy, land, and capital
  - - - FDI: invest outside home country
      - lower barrier -> single market + operate in optimal locations
    - - implication
        
        for GOP
        
        lower transportation cost: economical + respond to demand better
        
        GOM
        
        create electronic global market
        
        low cost transportation:
  - - - outputs in developing countries increase >< rich industrial countries decline
      - largest = China