The document discusses the political, economic, legal, and technological environments faced by global managers. It describes how international business has grown due to factors like improved transportation and communication technologies, lowered trade barriers, and increased global competition. Key political risks include expropriation and nationalization while economic risks relate to currency devaluations and policy changes. Legal systems differ globally and laws impact business activities and cross-border transactions. Technological changes like the internet are both driving and being driven by globalization. Global managers must understand these environmental factors in countries where they operate.