Students can describe the global business environment and are able to identify its main elements. They can characterize the process of globalization and know how it affects markets and production. They can explain how international relations affect international business activities. Additionally, they are able to identify the main characteristics of a mixed economy and can explain the emphasis on privatization. They can describe the political, economic, and cultural motives behind governmental intervention in trade as well as the worldwide patterns of foreign direct investment (FDI) and the reasons for these patterns. In this way, they achieve deep knowledge in international business with special focus on Chinese issues.