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| The process of applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and cultural environments |
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| (Multinational Corporation) A firm that has operations in more than one country, international sales, and a nationality mix of managers and owners. |
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| The process of social, political, economic, cultural, and technological integration among countries around the world |
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| The migration of service jobs to low-wage nations |
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| (World Trade Organization) The global organization of countries that oversees rules and regulations for international trade and investment |
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| (North American Free Trade Agreement) A free-trade agreement between the US, Canada, and Mexico that has removed most barriers to trade and investment. |
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| (Free Trade Agreement of the Americas) A proposed free trade agreement among the 34 democratically-governed countries of the Western Hemisphere |
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| A factory along the Mexican border that imports materials and equipment on a duty- and tariff-free basis for assembly or manufacturing. |
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| (European Research Cooperation Agency) An EU agency that funds projects in a number of fields with the objective of making Europe more productive and competitive in the world market. |
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| (Ministry of International Trade and Industry) A Japanese government agency that identifies and ranks national commercial pursuits and guides the distribution of national resources to meet these goals |
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| An organizational arrangement in Japan in which a large group of vertically integrated companies bound together by cross-ownership, interlocking directorates, and social ties provide goods and services to end users. |
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| Very large, family-held Korean conglomerates that have considerable political and economic power. |
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| Law that is derived from interpretation of the Qur'an and the teachings of the Prophet Muhammad and is found in most Islamic countries |
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| Law that comes from the Marxist socialist system and continues to influence regulations in countries formerly associated with the Soviet Union as well as China |
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| Law that derives from English law and is the foundation of legislation in the US, Canada, and England, among other nations |
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| Law that is derived from Roman law and is found in the non-Islamic and nonsocialist countries |
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| An international principle of law which holds that governments have the right to rule themselves as they see fit. |
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| A jurisdictional principle of international law which holds that every country has jurisdiction over its citizens no matter where they are located |
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| A jurisdictional principle of international law which holds that every nation has the right of jurisdiction within its legal territory |
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| Jurisdictional principle of international law which holds that every country has jurisdiction over behavior that adversely affects its national security, even if the conduct occurred outside that country |
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| Jurisdictional principle of international law which holds that there must be mutual respect for the laws, institutions, and government of other countries in the matter of jurisdiction over their own citizens |
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| A jurisdictional principle of international law which holds that all acts of other governments are considered to be valid by US courts, even if such acts are illegal or inappropriate under US law |
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| (Foreign corrupt practices act) Made into US law in 1977 because of concerns over bribes in the international business arena, this act makes it illegal to influence foreign official through personal payment or political contributions |
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| The study of morality and standards of conduct |
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| (corporate social responsibility) The actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm |
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| (nongovernmental organizations) Private, not-for-profit organizations that seek to serve society's interests by focusing on social, political, and economic issues |
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| The system by which business corporations are directed and controlled |
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