Global management involves directing international organizations and addressing issues that arise from global strategies. It includes international trade, multinational corporations (MNCs), and free trade. MNCs have facilities in multiple countries and a centralized headquarters. While they can boost economies, MNCs also have ethical responsibilities to respect local traditions, human rights, the environment, and engage in philanthropic activities in host countries. Free trade agreements aim to open markets but can also outsource jobs and crowd out local industries.