Question

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1. Explain the concept of globalization and identify the main drivers behind it. Identify the benefits of globalization, and the consequences.

2. Explain how international business differs from domestic business.

3. Explain why culture plays such an important role in international business. What are some aspects of culture that can impact business internationally?

4. Discuss the importance of understanding a country’s political system, economic system, and legal system when looking to trade with them.

5. How does the economic development of countries affect international business? Identify and explain at least three key indicators companies may look to when deciding to conduct business in another country.

6. Discuss why countries trade with one another.

7. How does global and regional economic cooperation and integration benefit countries? From a business perspective, why is this important?