Title: Explain the global mindset and its role in preparing one for trading across cultures.
Course: Opportunities in Global Trade (12056-I) > Section: Understanding the Nature of Global Marketing and Commerce

Explanation should include socioeconomic, political, legal, and cultural factors related to potential trading partners in the global marketplace. Factors include

- the evolution of globalization
- free trade
- levels of economic development
- fair trade
- the fact that 95% of the world’s customers are outside the U.S.
- anti-corruption and anti-bribery laws.

Process/Skill Questions:

- What are some barriers to global trade?
- What role do government agencies play in the global marketplace?
- What specialized knowledge is important for working in international business?
- What does it mean to be a global citizen?
- How is a global mindset different from a domestic mindset?
- Why is knowledge of cultural norms important in global trade?
- Why is it important to be culturally aware and culturally responsive when trading globally?