Global Trade Simulation – Video

Last night, the International Business students completed yet another “year” of their global trade simulation. In this simulation, students were placed into countries, each country starting off with a certain amount of raw materials (construction paper) and manufacturing materials (scissors, glue, etc.). From this base of materials, the countries must create goods, and attempt to negotiate and trade them with other countries in order to purchase infostructure from the World Bank and expand their manufacturing of goods. Students are learning the challenges of negotiation, and also experiencing the advantages and disadvantages that different countries face during global trade because of their amount natural resources.