The learning outcomes of this unit are that you are able to:
- understand what exchange rates are and how changes in them can affect businesses, especially importers and exporters
- understand why countries join trading groups such NAFTA and ASEAN and economic unions such the European Union
- analyze the possible benefits and drawbacks on businesses in a country of the country's membership of these organizations
- explain what globalization is and why it is important
- explain why multinational businesses are created and understand the impact of them
