4–2 L E A R N I N G O U T L I N E Follow this Learning Outline as you read and study this chapter. What Your Global Perspective? Contrast ethnocentric, polycentric, and geocentric attitudes towards global business. Explain why it’s important for managers to be sensitive to global differences Understanding the Global Environment Describe the current status of the European Union. Discuss the North American Free Trade Agreement and other regional trade alliances in Latin America. Tell about the Association of Southeast Asian Nations. Explain the interdependence that globalization involves. Discuss the role of the WTO.