Market Integration Prelim 12 1pm
Market Integration Prelim 12 1pm
Market Integration Prelim 12 1pm
b.) Narrate a short history of global market integration in the 20th century.
Clearly, these global institutions are active agents in fostering social and
economic development by providing various forms of help to improve the
national and the global economies.
GLOBAL MARKET INTEGRATION
Harvey (1990) sees that the cities and countries were able to extend
their reach beyond borders and patterns of trade & technology because of
developments in shipping and navigation.
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• International Companies are importers and exporters with no investments outside their home
countries.
• Multinational Companies (MNC’s) have investments in other countries, but do not have a
coordinated product offering in each country. They are more focused on adapting their products and
services to each individual local market.
• Global companies have investments and are present in many countries. They typically market their
products and services to each individual local market.
• Transnational Companies (TNC’s) are more complex organizations that have investments in foreign
operations, have a central corporate facility but give decision making, research and development and
marketing powers to each individual foreign market.
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