 Includes all business activities needed to create, ship and sell goods and services across national borders.  AKA  Global Business  International Trade  Foreign Trade

1. Allows you to purchase popular items made in other countries. 2. Provides the following for foreign products:  Raw Materials  Parts  Demand 3. Allows for new market and investment opps 4. Can help improve political relations

 Global Dependency :  Exists when items that consumers need and want are created in other countries.  ie: If Zimbabwe had little rain and crops failed and farm animals died they would have to import most of its food from other countries

 “Countries that trade with each other are less likely to go to war with each other.”  Improves mutual understanding, communication and the level of respect among people of different nations.  Why?  Agree/Disagree  Create a scenario with you and a neighbor defending this argument

 Imports  Products bought from businesses in other countries  Exports  Products sold in other countries  Trade Barriers  Restrictions that reduce free trade among countries

 Taxation  Dumping  Quotas  Laws  Embargos  Sanctions  Non-Tariff Barriers  Steering Wheels  Made in America

 Geographic Conditions  Climate, terrain, seaports, natural resources  Cultural and Social Factors  Customs, behaviors, values  Political and Legal Factors  Type, stability and policies of Government  Economic Conditions  Economic System  Natural Resources  Education  Technology

 History  Geography  Foreign Language  Cultural Awareness  Study Skills