Module: Global Environment

Module: Global Environment

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Why It Matters: Global Environment

Why does Global Environment matter?

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Show What You Know

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.

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Globalization and International Business

Define globalization in the context of international business operations

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Reasons for Global Trade

Explain the reasons why companies and nations engage in global trade

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Principles of Advantage

Summarize the principles of absolute advantage, competitive advantage and comparative advantage

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Barriers to Trade

Describe how cultural, economic and legal or political barriers can impact, restrict or support international trade

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Ethics in International Markets

Describe ethical issues that businesses face when engaging in international markets

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Currency Valuation

Summarize the impact that currency valuation has on a nation’s balance of trade and balance of payments

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The IMF and the World Bank

Explain the roles of the International Monetary Fund (IMF) and the World Bank in promoting international trade

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GATT and the WTO

Explain the historical role of GATT in international trade and the World Trade Organization’s impact on international trade

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Putting It Together: Global Environment

Global Environment

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Quiz

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.