Reference no: EM132865467
1. Describe the theory of comparative advantage. Then explain any limitations or outright failures that it faces when applied in today's globalized world. In your response, please include at least two professional sources to support your analysis (i.e., business or law journal articles, textbooks, news publications).
2. Provide an overview of the Bretton Woods Institutions. Do you think that these institutions served (and continue to serve) their purpose as originally intended? In your response, please include at least two professional sources to support your analysis (i.e., business or law journal articles, textbooks, news publications).
3. China owns approximately 26% of U.S. debt. Recently, China was permitted to purchase treasury bonds directly. What impact could this major holding by China have on the U.S. economy, and could it have any further impact on domestic policy? In your response, be sure to reference the case that you used and any other sources that you used to support your analysis.
4. Describe the circumstances that would position a domestic firm to engage in international business. Are there any factors that are particularly relevant as compared to others? Also, explain why a large, profitable domestic firm might chose not to internationalize.
5. Why is it important to understand the culture of the country in which your firm operates? What risks do you face if you fail to recognize cultural differences? What steps can you follow to mitigate some of these risks?
6. What is the value that a firm gains from engaging in corporate social responsibility? Provide at least two examples of a firm that practiced some form of CSR and how it helped them, if at all. What else might the organization do to be a better corporate citizen?
7. What is the TRIPs Agreement and why is it so controversial? What impact has it had on economic development? Read the Harvard Intellectual Property Summary found in the recommended readings for a succinct summary of this controversy. Based on your reading, provide arguments that either defend or oppose the agreement.
In your response, please include at least two professional sources to support your analysis (i.e., business or law journal articles, textbooks, news publications).
8. Read the closing case, Emerging Markets: BP, AAR, and TNK-BP From an industry-based view, why are alliances a frequent mode of entry for the Russian oil industry? How does the global environment surrounding the oil industry in general change a firm's interest in cooperating?