1 / 12

We Live in a Global Economy

1. CHAPTER. We Live in a Global Economy. 1-1 The Foundation of International Business 1-2 International Business Basics. GOALS. Distinguish between domestic business and international business. Discuss the reasons why international business is important.

tyler-reilly
Download Presentation

We Live in a Global Economy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 1 CHAPTER We Live in a Global Economy 1-1 The Foundation of International Business 1-2 International Business Basics

  2. GOALS Distinguish between domestic business and international business. Discuss the reasons why international business is important. Understand that international trade is not just a recent event. 1 LESSON 1-1The Foundation of International Business

  3. 1 What Is International Business? • All business activities needed to create, ship, and sell goods and services across national borders • Also called • Global business • International trade • Foreign trade

  4. 1 Why Is International Business Important? • Materials, parts, and demand • Global opportunities • Improved political relations

  5. 1 When Did International Business Start? • China, India, and Japan 15,000 years ago • Africa and South America thousands of years ago • Eleventh century • Fifteenth and sixteenth centuries • Colonization

  6. 1 Selected Countries and Their Colonial Heritage Continued on next slide

  7. 1 Selected Countries and Their Colonial Heritage Continued from previous slide

  8. GOALS Describe basic inter-national business activities. Explain the components of the international business environment. Name important skills for international business and describe the importance of international business for workers, consumers, and citizens. 1 LESSON 1-2International Business Basics

  9. 1 The Fundamentals of International Trade • Imports • Exports • Trade barriers

  10. 1 The International Business Environment • Geographic conditions • Cultural and social factors • Political and legal factors • Economic conditions

  11. 1 The International Business Environment • GEOGRAPHIC CONDITIONS • Climate • Terrain and seaways • Natural resources • Agriculture products • CULTURAL & SOCIAL FACTORS • Language • Education • Religion • Values and customs • Social relationships • POLITICAL & LEGAL FACTORS • Type of government • Political stability • Government policies toward business • ECONOMIC CONDITIONS • Type of economic system • Education level • Type of industries • Technology

  12. 1 The Global Business World • International business skills • History • Geography • Foreign language • Cultural awareness • Study skills • The global citizen

More Related