GLOBAL CORPORATE STRATEGY
{"Image DocumentName": "GLOBAL CORPORATE STRATEGY", "Image ImageDescription": "Dominant theory of economic activity among countries was mercantilism. The premis of mercantilism was a country\u2019s wealth was dependent on its holdings of gold. Therefore, countries tend to restrict imports, subsidize exports, exploit colonies and hoard gold. 1700s Adam Smith questioned mercantilism and suggested that the real wealth of country consisted in the goods and services available to its citizens absolute advantage in production. Absolute advantage can be natural (climate and natural resources) or acquired (firm-specific advantage, such as technology).", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}