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International Business

International Business. Chapter One. International Interdependence. Self-sufficiency. The ability to provide for all of your basic needs, such as food, clothing, shelter, and water, without relying on anyone else.

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International Business

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  1. International Business

  2. Chapter One International Interdependence

  3. Self-sufficiency • The ability to provide for all of your basic needs, such as food, clothing, shelter, and water, without relying on anyone else. • A country is self-sufficient when it provides everything its population needs to survive without having to trade with other countries. • Why did nations trade then?

  4. The beginnings of trade • awareness of other goods • areas were more technologically developed • development of transportation

  5. Why trade? • providing food became easier • more options for earnings • longer and healthier lives • variety of food, crafts, materials, and technology

  6. Still Self-sufficient? • Amish • Mennonites • Communes- shared responsibility for food production, education, child care, etc.

  7. First Trade Regulations • local rulers in Europe collected taxes and tithes to maintain authority and lifestyle and finance wars (476 to 1000 C.E.) • guilds controlled the mfging and sales of goods within towns and disallowed competitive imports and/or imposed import duties (1000 to 1500 C.E.)

  8. Interdependence • The reliance of two or more groups on the actions of one another to fulfill certain wants or needs

  9. Interdependence begins • See video (21 min) - “The Fur Trade and the Opening of Canada” • Note key dates and point form key events, people, nations • U.S. trade was more diversified into S.A. and was dependent on sugar • Fur trade in Canada - HBC and North West Co.

  10. 1840s - silk replaces fur • 1867 Canada becomes a nation • Canadian Pacific Rail (CPR) completed in 1885 • post WWII - trade organizations

  11. Northern American Free Trade Agreement (NAFTA) • 1993 Canada signed • Eliminates all tariff barriers between Canada and US • Advantages • Disadvantages

  12. Canada’s Economic Identity

  13. Canada’s Major Industries • Primary Industries • Manufacturing • Services

  14. Primary Resources • Agriculture • Fishing and Trapping • Forestry and Logging • Energy and mining

  15. Service Industries • Commercial Services • Travel • Transportation • Government

  16. Advantages of International Trade

  17. Disadvantages of International Trade

  18. Barriers to International Trade • Tariffs • Currency fluctuations • Investment regulations • Environmental restrictions • Foreign relations and trade sanctions • Safety regulations

  19. Currency Fluctuations • Which is better for business, a strong dollar or a weak dollar? • Read article, “The Canadian Dollar”

  20. Business And The Environment: The Story of Electronics http://www.storyofstuff.org/movies-all/story-of-electronics/

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