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INTERNATIONAL BUSINESS - Coggle Diagram
INTERNATIONAL BUSINESS
1. OVERVIEW
The performance of trade and investment activities across national borders, including the exchange of goods, services, capital, technology, and managerial practices between two or more countries
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3. TRADE BARRIERS
Purpose: Governments use trade barriers to protect domestic industries, prevent dumping, reduce unemployment, and defend strategic sectors
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4. BALANCE OF PAYMENTS
The Balance of Payments (BoP) records all financial transactions between a country and the rest of the world over a period
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Roles: Shows whether a country is receiving more foreign currency (surplus) or sending more out (deficit)