Project Summary: The three major forms of international business: trade (importing and exporting); licensing agreements for the transfer and legal protection of patents, copyrights, trademarks, and other intellectual property; and direct investments in foreign firms. How the risks of international business differ from those of doing business at home; how a firm deals with the added risks of doing business over great distances, including those associated with language and cultural barriers, country financial and political risk, the risks of trade controls or restrictions on investment, and the risks of foreign laws and foreign litigation.