1. International Business

2. Chapter One International Interdependence

3. Self-sufficiency The ability to provide for all of your basic needs, such as food, clothing, shelter, and water, without relying on anyone else. A country is self-sufficient when it provides everything its population needs to survive without having to trade with other countries. Why did nations trade then?

4. The beginnings of trade awareness of other goods areas were more technologically developed development of transportation

5. providing food became easier more options for earnings longer and healthier lives variety of food, crafts, materials, and technology Why trade?

6. Still Self-sufficient? Amish Mennonites Communes- shared responsibility for food production, education, child care, etc.

7. First Trade Regulations local rulers in Europe collected taxes and tithes to maintain authority and lifestyle and finance wars (476 to 1000 C.E.) guilds controlled the mfging and sales of goods within towns and disallowed competitive imports and/or imposed import duties (1000 to 1500 C.E.)

8. Interdependence The reliance of two or more groups on the actions of one another to fulfill certain wants or needs

9. Interdependence begins See video (21 min) - “The Fur Trade and the Opening of Canada” Note key dates and point form key events, people, nations U.S. trade was more diversified into S.A. and was dependent on sugar Fur trade in Canada - HBC and North West Co.

10. 1840s - silk replaces fur 1867 Canada becomes a nation Canadian Pacific Rail (CPR) completed in 1885 post WWII - trade organizations

11. Northern American Free Trade Agreement (NAFTA) 1993 Canada signed Eliminates all tariff barriers between Canada and US Advantages Disadvantages

12. Canada’s Economic Identity

13. Canada’s Major Industries Primary Industries Manufacturing Services

14. Primary Resources Agriculture Fishing and Trapping Forestry and Logging Energy and mining

15. Service Industries Commercial Services Travel Transportation Government

16. Advantages of International Trade

17. Disadvantages of International Trade

18. Barriers to International Trade Tariffs Currency fluctuations Investment regulations Environmental restrictions Foreign relations and trade sanctions Safety regulations

19. Currency Fluctuations Which is better for business, a strong dollar or a weak dollar? Read article, “The Canadian Dollar”

20. Business And The Environment : The Story of Electronics http://www.storyofstuff.org/movies- all/story-of-electronics/