1. Globalization and International Business

2. Factors in Increased Globalization
Increase in and expansion of technology
Liberalization of cross-border trade and resource movements
Development of services that support international business
Growing consumer pressures
Increased global competition
Changing political situations
Expanded cross-national cooperation

3. The Criticisms of Globalization
Threats to national sovereignty

4. Reasons That Firms Engage in International Business
Expanding sales
Acquiring resources
Minimizing risk – Portfolio Management
Diversification