I. Overview of International trade 1. International trade: Purchase, sale, or exchange of goods and services across national borders. 2. Foreign Direct Investment (FDI): Purchase of physical assets or a significant amount of the ownership of a company in another country to gain a measure of management control. 3. Portfolio Investment: Investment that does not involve obtaining a degree of control in a company. II. Benefits of International trade  Open doors to new entrepreneurial opportunity across nations.  Provide a country’s people with greater choice of goods and services.  An important engine for job creation in many countries.