Term
| (1) A business (or firm) that engages in international (cross-border) economic activities and/ or (2) the action of doing busi-ness abroad. |
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Definition
| International business (IB) |
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Term
| A firm that engages in foreign direct investment (FDI). |
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Definition
| Multinational enterprise (MNE) |
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Term
| Investment in, controlling, and managing value-added activities in other countries. |
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Definition
| Foreign direct investment (FDI) |
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Term
| Business around the globe. |
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Definition
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Term
| A term that has gradually re-placed the term “developing countries” since the 1990s. |
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Definition
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Term
| A term that is often used in-terchangeably with “emerging economies.” |
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Definition
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Term
| The sum of value added by resident firms, households, and governments operating in an economy. |
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Definition
| Gross Domestic Product (GDP) |
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