Learning Outcomes

In this free course, you will learn how to:

• Discuss the factors contributing to the rapid growth of international business
• Describe the three modes of entry into new markets
• Explain the advantages of strategic alliances
• List the factors that determine which goods a country can produce efficiently
• Identify the steps in the product life cycle theory of trade
• Explain assumptions of the foreign trade multiplier
• Outline the fundamental elements of a democratic political system
• Compare the different types of tariff barriers
• Analyze the assumptions of the theories of specialization