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InternationalBusinessEnglishLesson4EconomicGlobalizationBusinessKnowledge(1)EconomicglobalizationasanobjectivetrendA.BasicfeatureB.Advantagesandnegativeimpacts(2)MultinationalcorporationsA.Organization-parentandaffiliatesB.Characteristicsa.Enormousinsizeb.Widegeographicalspreadc.LongevityandrapidgrowthC.Need,goalsandrolesa.Profitb.Securityc.Asvehiclesforcross-bordertransferresourcesD.Fourtypesa.Multi-domesticcorporationb.Globalcorporationc.Transnationalcorporationd.WorldcompanyTradeTerms•1.Shareholders股东•2.Economicglobalization经济全球化•3.Boardofdirectors董事会•4.Inputs投入•5.Economicenvironment经济环境•6.ParentMNCheadquarter跨国公司母公司，总部•7.AffiliateMNC子公司，分支机构，附属机构•8.Branchcompany分公司•9.Subsidiarycompany子公司•10.Day-to-dayrunning日常管理•11.MNC跨国公司:Multinationalcorporation,aremadeupofvastnumbersofforeignsubsidiaries,companiesinwhichover50percentisownedbytheparentcompany.•12.Homecounty母国:Thecountrywheretheheadquarteroftheinvestorislocated.•13.Hostcountry东道国:Thehostcountryisaforeigncountrywheretheinvestoroperates.14.MNE跨国企业:Multinationalenterprise:Atypicalmultinationalenterpriseshallbedefinedasabusinessorganizationwhichowns(whetherwhollyorpartly),controlsandmanagesassets,oftenincludingproductiveresources,inmorethanonecountry,throughitsmembercompaniesincorporatedseparatelyineachofthesecountries.Eachmembercompanyisknownasamultinationalcorporation.15.Economiesofscale规模经济16.Increaseandgrowth数量的增多和规模的增大17.Revenueadjustedforinflation（除去通货膨胀后的）实际收入•Economicglobalizationisgivingnewimpetusandprovidingopportunitiestoworldeconomicdevelopmentandmeanwhilemakingthevariouseconomiesmoreandmoreinterdependent.•Amultinationalenterpriseisabusinessorganizationthatowns(whetherwhollyorpartly),controlsandmanagesassetsinmorethanonecountry.•Whilemanypeopleareacclaimingthebenefitsbroughtaboutbyeconomicglobalization,therearealsoloudvicesofopposition.•ThetransferoftheIntra-MNEtransactionsconstitutesaverysignificantproportionoftotalinternationaltrade.•Althoughtheday-do-dayrunningofcorporateoperationmaybedecentralizedtotheaffiliateMNCs,themajordecisions,suchasthoseoncorporategoalsandnewinvestmentsaremadebytheparentcompany.•Likeitornot,economicglobalizationhasbecomeanobjectivetrendinworldeconomicdevelopment.