Global economy - the interconnected economies of the nations of the world, Exporting - the selling and shipping of goods to another country, Trade barrier - a restriction on goods entering or leaving a country, Importing - Buying or bringing in goods from other countries to sell, Tariff - the total value of all goods produced during the year, interpreter - Translate the other person's language in English, Standard industrial trade classification - Learn what kind of products are traded in specific countries, International Business Exchange - Lets you sell products and services online anywhere in the world, Trade missions - Let small business owners meet and talk with foreign agents, distributors, or potential business partner, Best product list - A product that other countries are looking to purchase, Disposable income - Money people have to spend after paying for necessary expenses, Trade intermediary - An agency that serves as a distributor in a foreign country, Foreign joint venture - An alliance between an American small business and a company in another nation, Export management company - a business that handles all the tasks related to exporting for a manufacturer, Freight forwarder - A business that handles overseas shipments, Gros Domestic product - The total value of all goods produced during the year,

chapter 5

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