Showing posts with the label global commerce

Including Investment and Labor Movement in Global Management Assessments

In today’s world, international business is a mainstay of everyday commerce and policy.   Products move across the globe and make their way into homes and lives of individuals and families at different places on the planet. Most statistics include the hard goods and services that traverse across borders but may be missing other tangible value. Dr. Predrag Bjelić discusses the inclusion of direct foreign investment and labor flow as important components of economic calculations.  Even though 2006 IMF data indicated that 75% of international trade is measured in goods the liberalization of trade has also brought with it services, investment and human capital. The latter two being something more difficult to concretely assess but should be included in the overall assessment. Understanding the flow of information along with the intellectual capital encourages a greater conception of global commerce and the antecedents to that commerce. Foreign Direct Investment (FDI) is an imp