This document provides an overview of the global business environment and key concepts related to globalization. It discusses the meaning and driving forces of globalization, dimensions of globalization including stages of globalization. It also introduces theories of international trade such as absolute advantage theory, comparative cost advantage theory, and factor endowment theory. Additionally, it covers the trading environment of international trade, including tariff and non-tariff barriers, trade blocs, and the rise of new economies. The document aims to explain globalization and its impact on the global business environment.