The increasing focus of the Council on International Educational Exchange on helping meet the needs of American businesses to be competitive in international markets is discussed in a preface by Barbara B. Burn, noting that the absence of competence on the part of American business in foreign languages and cross-cultural skills and knowledge can seriously hamper performance. Four papers are presented as part of the Council's more active role in the relation to international business and commitment to international educational exchange. They are as follows: (1) "The Globalization of Economic Life" (Paul W. McCracken); (2) "International Business Programs at the University of South Carolina" (Jeffrey A. Arpan); (3) "Thunderbird--American Graduate School of International Management: A Pioneer in International Business Education" (Marshall Geer); and (4) "International Business Education at the Lauder Institute" (Jerry Wind). (SM)