GLOBAL BUSINESS ENVIRONMENT
I. International Business (Trade) - Concept
International business is the exchange of goods and services
Economic sense there will be a value produced; both parties to a
transaction receive value.
NATIONAL DIFFERENCES IN POLITICAL ECONOMY
1. Political Systems
(1) Democracy vs. Totalitarianism
Democracy: system that is based upon individual freedom.
Totalitarianism: system by which authoritarian attempts to prevail.
In the political sys
DIFFERENCES IN CULTURE
1. International business vis a vis Culture
International business views the international environment as an
interdependent cluster of economies.
o Economies cant protect themselves from within, this has led to the
1. What is Ethics?
Accepted principles of right or wrong that govern the conduct of an
individual or organization
What is normal in one culture may be considered unethical to another culture. Ex:
2. Ethical Issues in IB are manif
International Trade Theory
Free trade is a relative concept, there is no one absolutely defined as a
Free trade deals with the concepts of protectionism and interventionism
Government must step in to protect i