What you’ll learn to do: explain why nations and U.S. firms engage in global business

In this section you’ll learn about the drivers of the global economy and how companies and countries evaluate whether or not to pursue global opportunities.

The specific things you’ll learn in this section include:

• Explain the concept of globalization and its impact on global business
• Differentiate between comparative and absolute advantage
• Explain the roles of absolute and comparative advantage in global business