1. International Environment of Business
CHAPTER 9
International Environment of Business
9.1 Importance of International Business
9.2 Forms of International Business
9.3 Theories of International Trade and Investment

2. 9.1 Importance of International Business
DLTs
Describe the nature, growth, and importance of international trade and investment.
Explain the reasons for the growth of international business.
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3. The Scope of International Business
Extent of international trade
Trade, investment, and the economy
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4. Reasons for Growth in International Business
Profit
Potential for sales
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5. Factors that Help Firms Engage in International Business
World Trade Organization (WTO)
Trading bloc
European Union (EU)
North American Free Trade Agreement (NAFTA)
International Monetary Fund (IMF)
World Bank
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6. 9.2 Forms of International Business
DLTs
Distinguish between the different forms through which international business is conducted.
Describe the policies, rules, and laws that governments use to affect international trade and investment.
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7. Forms of International Business
Exporting
Importing
International licensing
Joint ventures
Wholly owned subsidiary
Strategic alliances
Multinational firm
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8. Government Policies Trade barriers Currency values
Tariffs
Dumping
Quota
Nontariff barriers
Embargo
Sanctions
Currency values
Cultural differences
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9. 9.3 Theories of International Trade and Investment
DLTs
Explain two theories of international trade.
Discuss the concepts of balance of payments and current accounts.
Consider career opportunities in international business and understand the factors related to being sent abroad on assignment.
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10. Theories of International Trade
Comparative advantage theory
Product life cycle theory
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11. Balance of Payments Balance of payments Current account
Capital account
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12. Career Opportunities in International Business
Working in the United States
U.S. Firms
Foreign firms
Working in another country
Employment of international managers
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