Chapter 3 we have learned how important it is to know and understand other countries culture and history. A countries history helps defines it “mission” and know where they stand in the world. In order to do any global business it is essential that you learn it’s cultural, which a lot comes from its history. It really caught my attention when they were talking about population. … [Read more...] about History and Culture
In chapter 3 we learned a lot about what a countries geography and markets can look like. It’s important to know where you are geographically so you can understand your own strengths and weaknesses. In the book it gave an example of shipping glass in boxes with hay to protect the glass and when the glasses arrived they were shattered due to climate change. I feel like this was … [Read more...] about Geography and Global Markets
I have heard of the World Trade Organization before in other classes, but I did not realize how many different organizations there were in order to keep trading going smooth. I also learned that the WTO came from the General Agreement on Tariffs and Trade (GATT). I learned that worldwide trade really became a thing after World War ll and paved the way for future trade. In the … [Read more...] about Easing Trade Restrictions
Chapter 2 has talked a lot about trade and tariffs. The first week of my internship I was looking at how tariffs would affect our products, our competitor products, and what we were going to be doing. I realized that if tariffs were going up, our prices would have to increase as well. However, at the time I did not fully understand why the tariffs were going up. After reading … [Read more...] about Trade and Tariffs
I learned a lot in chapter 1, like how global commerce thrives during peaceful times. I have traveled to many different places in my life time, and looking back I can see the chain reaction: tourists come to visit, locals sell things they have made, that’s their income, and more. I always knew America played a big role in global commerce because of chain restaurants and … [Read more...] about Trade and International Marketing