Economic Development
Cultural Influences
INTERNATIONAL BUSINESS ENVIRONMENT
Geography
Infrastructure
Describe the components of the interna- tional business environment.
Focus on REAL LIFE
What are some specific examples of the four main factors of the international business environment?
List the four main elements of the international business environment.
Knowledge of the international busi-
plans the use of its land, natural resources,
Political and Legal Restrictions
Do tariffs on imported goods encourage consumers to buy or persuade them to purchase local alternatives?
Embargoes
Tariffs
INTERNATIONAL TRADE BARRIERS
Free-Trade Agreements
ENCOURAGING INTERNATIONAL TRADE
Free-Trade Zones
The Importance of Communication and Information Technology in Trade and the Economy
What are three formal trade barriers?
A government sometimes imposes an embargo to express its disapproval of the actions or policies of another country.
A country that wishes to enhance international trade activities would most likely use
True or False. Infrastructure is a significant factor that affects the economic development of a country.
Law Use the Internet to locate information about laws in foreign countries that are different from those in Saudi Arabia.
Geography Using library resources or the Internet,
History Conduct research on the history of a common market such as the GCC or the EU.
What actions could be taken to encourage international trade?
Why do you think Saudi businesses would be interested in exporting?
Common Markets
