Module: Global Environment
Why does Global Environment matter?
Take this pre-test to see what you already know about the concepts in this section. The pre-test does not count toward your grade, but will help you plan where to focus your time and effort as you study. The pre-test is optional.
Define globalization in the context of international business operations
Reading: What Is International Business? | |
Video: Globalization Explained | |
Self-Check: Globalization and International Business |
focus
Explain the reasons why companies and nations engage in global trade
Video: Chinese Manufacturing for American Products | |
Video: Why Do Nations Trade? | |
Reading: The Balance of Trade | |
Self-Check: Reasons for Global Trade |
focus
Summarize the principles of absolute advantage, competitive advantage and comparative advantage
Reading: Absolute and Comparative Advantage | |
Game: Trade Ruler | |
Self-Check: Principles of Advantage |
Describe how cultural, economic and legal or political barriers can impact, restrict or support international trade
Reading: The Global Business Environment | |
Reading: The Global Economic and Regulatory Environment | |
Self-Check: Barriers to Trade |
Describe ethical issues that businesses face when engaging in international markets
Reading: Global Business Ethics | |
Reading: Ethics and Corruption | |
Video: Ethics and International Standards of Behavior | |
Self-Check: Ethics in International Markets |
focus
Summarize the impact that currency valuation has on a nation’s balance of trade and balance of payments
Reading: Currency Valuations and Exchange Rates | |
Self-Check: Currency Valuation |
Explain the roles of the International Monetary Fund (IMF) and the World Bank in promoting international trade
Reading: The IMF and the World Bank: How Do They Differ? | |
Self-Check: The IMF and the World Bank |
Explain the historical role of GATT in international trade and the World Trade Organization’s impact on international trade
Video: GATT/WTO | |
Reading: International Economic Cooperation among Nations | |
Self-Check: GATT and the WTO |
Global Environment
You can take this quiz twice. Your highest score will count as your grade. Don’t wait until the last minute to take the quiz – take the quiz early so you’ll have plenty of time to study and improve your grade on your second attempt.