Question: 1. Identify and evaluate the significant trade agreements affecting global commerce (Lo 1.1) 2. Analyze the effects of culture, politics and economic systems in the

1. Identify and evaluate the significant trade agreements affecting global commerce (Lo 1.1) 2. Analyze the effects of culture, politics and economic systems in the context of international business (Lo 2.1) 3. Explain the forces driving and evaluating the impact of globalization (Lo 1.3) 4. Carryout effective self-evaluation through discussing economic systems in the international business context (Lo 3.1) Discussion Questions 1. What is the World Trade Organization? What is its role in the world economy? (minimum words: 400, marks: 2 ) 2. What is the International Monetary Fund? Discuss its relationship with the World Bank. (minimum words: 500, marks: 3)

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