1. Chapter 3: Exploring Global Business

2. Learning Objectives
Explain the economic basis for international business.
Discuss the restrictions nations place on international trade, the objectives of these restrictions, and their results.
Outline the extent of international trade and identify the organizations working to foster it.
Define the methods by which a firm can organize for and enter into international markets.
Describe the various sources of export assistance.
Identify the institutions that help firms and nations finance international business.

3. The Basis for International Business
Absolute and Comparative Advantage
Exporting and Importing 

4. Restrictions to International Business
Types of Trade Restrictions
Tariffs
Nontariff Barriers
Reasons for Trade Restrictions
Reasons Against Trade Restrictions

5. The Extent of International Business
The World Economic Outlook for Trade
Canada and Western Europe
Mexico and Latin America
Japan
Other Asian Countries
Emerging Europe
Commonwealth of Independent States
Exports and the U.S. Economy

6. International Trade Agreements
The General Agreement on Tariffs and Trade and the World Trade Organization
The Kennedy Round (1964–1967)
The Tokyo Round (1973–1979)
The Uruguay Round (1986–1993)
The Doha Round (2001)
World Trade and Global Economic Crisis
International Economic Organizations Working to Foster Trade

7. Methods of Entering International Business
Licensing
Exporting
Joint Ventures
Totally Owned Facilities
Strategic Alliances
Trading Companies
Countertrade
Multinational Firms

8. Sources of Export Assistance
National Export Strategy (NES)
Trade Promotion Coordinating Committee (TPCC)

9. Financing International Business
The Export-Import Bank of the United States
Multilateral Development Banks
The International Monetary Fund