Professional Documents
Culture Documents
1 The Foundation of
International Business
2nd Semester
Chapter 1
business system.
The system is based on specialization and
be different.
economy.
career opportunities.
Improves business relations
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Improved Political Relations
An old saying suggests "countries that trade
with one another are less likely to have wars
with each other."
International business activities can help to
improve mutual understanding, communication,
and the level of respect among people in
different nations.
Every business competes against companies
that are either foreign-owned or that sell
foreign-made products.
As a result, even when you may not realize it,
international business is affecting your life.
Global Business Chapter 1 18
When did International Business
Start
International business is not a new idea.
Evidence suggests that countries such as China, India,
and Japan were trading products throughout the
world 15,000 years ago.
There is also evidence that Africans traded with South
Americans several thousand years ago.
The Phoenicians developed trade in the Mediterranean
in ancient times.
The conquests of Alexander the Great opened up
trade with India and China.
Later, the Roman Empire dominated trade along the
Mediterranean Sea.
ventured west.
independence.
The United States declared independence
industries.
expanding daily.
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1.2 International
Business Basics
1. Imports
2. Exports
3. Trade barriers
4. Culture