Endnotes

  1. 1. We use the term international business to refer to the cross-border business activities of individual firms, whereas economists use international trade to refer to aggregate cross-border flows of products and services between nations. Although international business describes an enterprise-level phenomenon, international trade describes the macrophenomenon of aggregate flows between nations.

  2. 2. “Numbers: International Trade Hits a Wall,” BusinessWeek, January 26–February 2, 2009, p. 15.

  3. 3. Laurie Burkitt, Joann Lublin, and Dana Mattioli, “China’s Haier to Buy GE Appliance Business for $5.4 Billion,” Wall Street Journal, January 15, 2016, retrieved from www.wsj.com.

  4. 4. Hannah Dwan, “The League of Legends 2017 World Championship Semi ...

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