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Documentos de Profesional
Documentos de Cultura
INTERNATIONAL ENVIRONMENT
Business is a trading activity like the ocean which flows at all levels i.e. Local, National & International level.
EXTERNAL ENVIRONMENT
MICRO
MACRO
In simple word International Environment means the growth and expansion of business to a larger extent i.e. global all over the world.
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Liberalization
Consumerism
Strategic alliances
Joint venture
OBJECTIVES OF WTO
The basic objectives of WTO are : To encourage open, fair and undistorted competition. To ensure international trade without discrimination. To create an environment of comparative advantage to expand production and trade. This would ensure optimum utilization of worlds resources. To resolve disputes between trading countries. To ensure that the developing countries secure a better share of growth n international trade. To protect and preserve the environment of the world. To raise employment opportunities in its member nations. To raise the standard of living of the people of its member nations.
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FUNCTIONS OF WTO
It administers and implements the multinational trade agreements. It acts as a forum for multilateral trade negotiations. It resolves trade differences and disputes among member nation through proper forums and conciliation mechanisms. It monitors the execution of tariffs and non tariff measures as agreed by member nations. It periodically reviews trade policies of member countries to check whether they conform to WTO guidelines. It co-operates with other institutions involved in global economic policy making. It provides advise to member nations when required.
TRADING BLOCS
Trading bloc is a voluntary grouping of countries of a specific region for common benefits. It indicates regional economic integration of countries for mutual benefits. Generally countries close to each other geographically form trading blocs. This kind of regional economic integration has intensified over the year. European union, NAFTA, OPEC, ASEAN, SAARC etc. are some of the prominent trading blocs.
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NAFTA
OPEC
SAARC
ASEAN
EU
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CONCLUSION
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