PRDV222: Management: Historical Development and Globalization

Read the introduction and section 3.1, which discuss why countries and corporations (both large and small) engage in international trade. With globalization in mind, pay particular attention to the different models and incentives for international trade and business cooperation that are discussed in this reading. Trade deficits and surpluses affect many aspects of our day-to-day lives. Think about how some of these determinants might impact the business market in your own country.