This document discusses the foundation and basics of international business. It defines international business as activities needed to create, ship, and sell goods and services across national borders. International business is important for obtaining materials from other countries, global opportunities, and improved political relations. International trade has existed for over 15,000 years between countries like China, India, Japan, Africa and South America. In the 11th century and 15th-16th centuries, colonization expanded international trade significantly. The international business environment considers geographic, cultural, economic, political and legal factors across countries. Skills like foreign language ability and cultural awareness are important for international business.

1. We Live in a Global Economy 1-1 The Foundation of International Business 1-2 International Business Basics CHAPTER 1

6. Selected Countries and Their Colonial Heritage Continued on next slide 1818 Spain Chile 1867 France, United Kingdom Canada 1960 France Chad 1960 Turkey, United Kingdom Cyprus 1821 Spain El Salvador 1822 Portugal Brazil 1901 United Kingdom Australia 1953 France Cambodia Year of Independence Colonized By Country

7. Selected Countries and Their Colonial Heritage Continued from previous slide Vietnam United States South Africa Namibia Mozambique Mexico Iceland Country France United Kingdom, France, Spain, Russia United Kingdom, Netherlands Germany, South Africa Portugal Spain Norway, Denmark Colonized By 1955 1776 1910 1990 1975 1821 1944 Year of Independence