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GLOBE
JA High School Programs
 
Global Learning of the Business Enterprise (GLOBE)®

Global Learning of the Business Enterprise (GLOBE)® focuses on international enterprise. The students learn the basics of foreign trade, set up and operate a company, work with students from other nations, and come to appreciate the diversity of business cultures worldwide..

SESSION KEY LEARNING OBJECTIVES

Topic: Fundamentals of International Trade

Students learn the nature and advantages of bilateral and multilateral trade and are introduced to foreign exchange, trade restrictions, and balance of payments.

 

  • describe advantages of international trade
  • use exchange rates to determine the value of international currencies
  • demonstrate the effects of international trade on prices
  • describe the reasons for trade restrictions
  • define balance of payments
  • demonstrate principles of business ethics
  • demonstrate an understanding of world environmental issues
Topic: Forming a Company and Conducting International Business

Students create and manage a joint-venture business to engage in international trade.

 

  • set up an international company
  • capitalize (funding sources) the company
  • manage the company
  • research potential markets
  • select a product to export that can bring a profit
  • operate a joint-venture partnership
  • demonstrate an understanding of the principles of international trade
  • develop communication and decision-making skills

Topic: Student Exchange

Students visit their business partners in another country for one week.

 

  • demonstrate knowledge of other cultures
  • work effectively with students from other cultures
  • exhibit team-building skills
  • communicate clearly with people from other cultures
  • show sensitivity to the customs of other cultures
  • appreciate the diversity of different cultures

Topic: Management and Economics Simulation Exercise

Students develop strategies for a company that will conduct trade across international boundaries.

 

  • interpret tables, graphs, and charts
  • analyze economic data
  • organize and present information
  • communicate effectively
  • manage a simulated company

 
 
CONCEPTS
Absolute advantage • Bilateral trade • Comparative advantage • Currency • Customs • Demand • Diversity • Economic development • Exchange rates • Exports • Imports • Interdependence • International cooperation • Joint ventures • Management • Multinational trade • Prices • Productive resources • Productivity • Profit • Quota • Supply • Tariff
 
SKILLS
Analyzing information • Applying information • Calculating productivity • Classifying • Comparing • Converting currencies • Critical thinking • Decision making • Distinguishing fact from opinion • Drawing conclusions • Filling out forms • Formulating an argument • Giving reports • Graphing • Inference • Interpreting data • Interviewing • Mathematical interpretation and computation • Negotiating • Note taking • Reading financial statements • Research • Situational analysis • Teamwork
 
 
 
 
 
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