{"id":82,"date":"2015-04-20T18:16:58","date_gmt":"2015-04-20T18:16:58","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=part&p=82"},"modified":"2020-08-20T02:25:05","modified_gmt":"2020-08-20T02:25:05","slug":"global-environment","status":"publish","type":"part","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/part\/global-environment\/","title":{"raw":"Chapter 3: Global Environment","rendered":"Chapter 3: Global Environment"},"content":{"raw":"
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Module: Global Environment<\/h1>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n
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Why It Matters: Global Environment<\/div>\r\n
\r\n\r\nWhy does Global Environment matter?\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n
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Show What You Know<\/div>\r\n
\r\n\r\nTake 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.\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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Globalization and International Business<\/div>\r\n
\r\n\r\nDefine globalization in the context of international business operations\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n
Reading: What Is International Business?<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Video: Globalization Explained<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Globalization and International Business<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Reasons for Global Trade<\/div>\r\n
\r\n\r\nExplain the reasons why companies and nations engage in global trade\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Video: Chinese Manufacturing for American Products<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Video: Why Do Nations Trade?<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: The Balance of Trade<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Reasons for Global Trade<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Principles of Advantage<\/div>\r\n
\r\n\r\nSummarize the principles of absolute advantage, competitive advantage and comparative advantage\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n
Reading: Absolute and Comparative Advantage<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Game: Trade Ruler<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Principles of Advantage<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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Barriers to Trade<\/div>\r\n
\r\n\r\nDescribe how cultural, economic and legal or political barriers can impact, restrict or support international trade\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n
Reading: The Global Business Environment<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: The Global Economic and Regulatory Environment<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Barriers to Trade<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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Ethics in International Markets<\/div>\r\n
\r\n\r\nDescribe ethical issues that businesses face when engaging in international markets\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Reading: Global Business Ethics<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: Ethics and Corruption<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Video: Ethics and International Standards of Behavior<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Ethics in International Markets<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\r\n\r\n\"icon\"\r\n\r\nfocus\r\n\r\n<\/div>\r\n<\/div>\r\n
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Currency Valuation<\/div>\r\n
\r\n\r\nSummarize the impact that currency valuation has on a nation's balance of trade and balance of payments\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: Currency Valuations and Exchange Rates<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: Currency Valuation<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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The IMF and the World Bank<\/div>\r\n
\r\n\r\nExplain the roles of the International Monetary Fund (IMF) and the World Bank in promoting international trade\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n
Reading: The IMF and the World Bank: How Do They Differ?<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: The IMF and the World Bank<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n<\/div>\r\n
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GATT and the WTO<\/div>\r\n
\r\n\r\nExplain the historical role of GATT in international trade and the World Trade Organization's impact on international trade\r\n\r\n<\/div>\r\n\r\n\r\n\r\n\r\n\r\n
Video: GATT\/WTO<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Reading: International Economic Cooperation among Nations<\/td>\r\n<\/td>\r\n<\/tr>\r\n
Self-Check: GATT and the WTO<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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Putting It Together: Global Environment<\/div>\r\n
\r\n\r\nGlobal Environment\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n
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\"icon\"<\/div>\r\n
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Quiz<\/div>\r\n
\r\n\r\nYou 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.\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>","rendered":"
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Module: Global Environment<\/h1>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n
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Why It Matters: Global Environment<\/div>\n
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Why does Global Environment matter?<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\"icon\"<\/div>\n
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Show What You Know<\/div>\n
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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.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\"icon\"<\/div>\n<\/div>\n
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Globalization and International Business<\/div>\n
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Define globalization in the context of international business operations<\/p>\n<\/div>\n\n\n\n\n\n
Reading: What Is International Business?<\/td>\n<\/td>\n<\/tr>\n
Video: Globalization Explained<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Globalization and International Business<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/p>\n

focus<\/p>\n<\/div>\n<\/div>\n

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Reasons for Global Trade<\/div>\n
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Explain the reasons why companies and nations engage in global trade<\/p>\n<\/div>\n\n\n\n\n\n\n
Video: Chinese Manufacturing for American Products<\/td>\n<\/td>\n<\/tr>\n
Video: Why Do Nations Trade?<\/td>\n<\/td>\n<\/tr>\n
Reading: The Balance of Trade<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Reasons for Global Trade<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/p>\n

focus<\/p>\n<\/div>\n<\/div>\n

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Principles of Advantage<\/div>\n
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Summarize the principles of absolute advantage, competitive advantage and comparative advantage<\/p>\n<\/div>\n\n\n\n\n\n
Reading: Absolute and Comparative Advantage<\/td>\n<\/td>\n<\/tr>\n
Game: Trade Ruler<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Principles of Advantage<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n<\/div>\n
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Barriers to Trade<\/div>\n
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Describe how cultural, economic and legal or political barriers can impact, restrict or support international trade<\/p>\n<\/div>\n\n\n\n\n\n
Reading: The Global Business Environment<\/td>\n<\/td>\n<\/tr>\n
Reading: The Global Economic and Regulatory Environment<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Barriers to Trade<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n<\/div>\n
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Ethics in International Markets<\/div>\n
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Describe ethical issues that businesses face when engaging in international markets<\/p>\n<\/div>\n\n\n\n\n\n\n
Reading: Global Business Ethics<\/td>\n<\/td>\n<\/tr>\n
Reading: Ethics and Corruption<\/td>\n<\/td>\n<\/tr>\n
Video: Ethics and International Standards of Behavior<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Ethics in International Markets<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/p>\n

focus<\/p>\n<\/div>\n<\/div>\n

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Currency Valuation<\/div>\n
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Summarize the impact that currency valuation has on a nation’s balance of trade and balance of payments<\/p>\n<\/div>\n\n\n\n\n
Reading: Currency Valuations and Exchange Rates<\/td>\n<\/td>\n<\/tr>\n
Self-Check: Currency Valuation<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n<\/div>\n
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The IMF and the World Bank<\/div>\n
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Explain the roles of the International Monetary Fund (IMF) and the World Bank in promoting international trade<\/p>\n<\/div>\n\n\n\n\n
Reading: The IMF and the World Bank: How Do They Differ?<\/td>\n<\/td>\n<\/tr>\n
Self-Check: The IMF and the World Bank<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n<\/div>\n
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GATT and the WTO<\/div>\n
\n

Explain the historical role of GATT in international trade and the World Trade Organization’s impact on international trade<\/p>\n<\/div>\n\n\n\n\n\n
Video: GATT\/WTO<\/td>\n<\/td>\n<\/tr>\n
Reading: International Economic Cooperation among Nations<\/td>\n<\/td>\n<\/tr>\n
Self-Check: GATT and the WTO<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\"icon\"<\/div>\n
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Putting It Together: Global Environment<\/div>\n
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Global Environment<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\"icon\"<\/div>\n
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Quiz<\/div>\n
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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.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"parent":0,"menu_order":30,"template":"","meta":{"pb_part_invisible":false,"pb_part_invisible_string":""},"contributor":[],"license":[],"class_list":["post-82","part","type-part","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/82","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/types\/part"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/82\/revisions"}],"predecessor-version":[{"id":5952,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/82\/revisions\/5952"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/media?parent=82"}],"wp:term":[{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/contributor?post=82"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/license?post=82"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}