c. Explain if globalization and international business and trade are the same.

International trade happens whenever a business in one country sells to customers in

another. Globalization is a political program to eliminate obstacles to international trade,
creating a level playing field. International trade is business that inevitably has political
elements. Globalization is a political agenda that deals with business. The goal of globalization
is to integrate economic and financial systems across the world, reducing artificial barriers to
trade in goods and services. The difference between global and international business is that
international trade doesn't require globalization. Monopolies, tariffs, government intervention
and the theft of intellectual property all interfere with the globalized level playing field but none of
them stop international trade.