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Woche 1

Introduction to International Business

Introduction to International Business


Kartei Details

Karten 24
Sprache Deutsch
Kategorie BWL
Stufe Universität
Erstellt / Aktualisiert 12.01.2024 / 12.01.2024
Lizenzierung Keine Angabe
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Name the 4 Risks in International business:

  1. Cross Cultural Risk
  2. Commercial Risk
  3. Currency Risk (Financial Risk)
  4. Country Risk

Global Wealth Development:

  • Has risen 9.6% in the last 20 years
  • Best performing years 2004/2005/2019
  • Worst performing years 2022/2008(Subprime crisis)/2018

Growth of Regional Wealth Distribution 2010-2019 per adult:

  • North America +69.7%
  • in Eurpope +24.7
  • China: The average adult is 3x wealthier
  • Asia Pacific (exkl. China): +26.9%

 

Global wealth growth:

  • 70% higher (2010-2019)
  • Number of millionaires grew by 90% (2010-2019)
  • The biggest changes in the lower to upper midle class (2010-2019)
  • Total global household wealth grew by 2.6% (2018-2019)

Global growth:

  • Growth Markets are Catching up to mature markets
  • Market Share 1999: Mature Markets 90% / Growth markets 10%,
  • Market Share 2019: Mature Markets 75% / Growth Markets 25%

Name the 4 elemts of the 4th Industrial Revolution:

  1. Automation
  2. Internet of Things (IoT)
  3. Artificial Intelligence
  4. Digitalization/Digitization

Development of regional Trade Agreements:

2009 and 2021 a big rise of Goods and Service agreements

Name 3 Societal Mega-Trends:

  1. Sustainability
  2. Wellness (health)
  3. Aging Population