Ch 01 Overview of International Business - Overview of...

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1
Overview of International
Business
Chapter 1
Instructor:
Larry Wosk
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International Trade
{
Europe
{
Asia
{
The America’s
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Factors underlying a country’s
international competitiveness
{
Natural
resources
{
Knowledge
base

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4
Impact of International Business
(IB) on YOU
{
Identify the source
of 3 items of
clothing or jewelry
you are wearing
{
Where was it
made?
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Tests for “international”
Transactions
{
IMF and Taxation
authorities use
different tests to
resolve issues of
whether the transaction
is “international”.
z
Source test
z
Residence test
z
Nationality test
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TRANSACTIONS
{
Current account
z
Goods
z
Services
z
Income payments
{
Capital account
z
Portfolio
investments
z
Direct investments

What do countries trade?
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What is Globalization?
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What are the driving forces behind
Globalization?
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{

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What are the forces holding back
Globalization?