1. Unit 1 Overview – BUSINESS FUNDAMENTALS Chapter 1 – International Business Chapter 1 – History of Trade Chapter 1 – Globaliz- ation & Interdepend ance Culminating Activity for Unit 1 – Unit Test Chapter 1 – Helps and Hurts

2. Chapter 1: WHAT IS TRADE? Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. How International Business Helps Canadians International business helps Canadians:  Variety of products  _________________________  Foreign investments - (FDI) and Portfolio investments  _________________________________  __________________________________  New ______________ and technologies

3. Chapter 1: WHAT IS TRADE? Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. How International Business Hurts Canadians International business hurts Canadians:  ________________________  __________________________________________ Foreign companies are loyal to investors and executives in ________country __________________ is usually carried out in the home country Exports are reduced, as products manufactured in branch plants stay in Canada Revenues leave Canada to pay head office costs Economic destabilization

4. Chapter 1: WHAT IS TRADE? Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc. How International Business Hurts Canadians Products commonly used in Canada are imported from countries around the world.

5. I AM CANADIAN  An American’s Guide to Canada.  http://americansguide.ca/how.html http://americansguide.ca/how.html Chapter 1: WHAT IS TRADE? Fundamentals of International Business Copyright © 2010 Thompson Educational Publishing, Inc.

6. Global Markets - Article  Using the article think about ways that international business HELPS and HURTS a country  Complete the handout

7. Homework  Read pgs. 24 – 31  Quiz Chapter 1 - TOMORROW  PPT slides on msjdale.weebly.com  Complete GLOBAL BUSINESS article and handout  Review: Chapter Questions  P. 32 Questions 2,4,5,6,15,16,17