Theory of comparative advantage

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Reference no: EM13725146

Help with the discussion 1,350 - 1,550 paper.
1- Should there be higher business relation between U.S. and Canada or U.S. and Indonesia based on:
- Theory of comparative advantage?
- Country similarity (psychic distance) theory?
Explain your answer clearly.

2- Discuss product life cycle theory of international trade and investment.

3- Using factor price equalization theory to show the impact of international trade on wage structure of emerging economy (make sure you explain process of adjustment)?

4- You are sent to manage subsidiary of a MNE in Argentina. Looking at Hofested's cultural attribute you find the following information relative to U.S. Using this information what adjustment do you make in your management style?

- Power distance: US =31, Argentina =41
- Individualism: US= 100 Argentina= 47
- Masculinity: US= 63 Argentina = 63
- Uncertainty Avoidance: US= 37 Argentina = 75

5- A firm is considering to entry into a particular country for the first time. While the
senior management thinks that there is great potential for expansion and profit in the country, they are concern with the risk and their own ability to function in that unfamiliar business environment. There are two options available to the firm. One is joint venture and the other wholly owned subsidiary. Which of the two choices do you recommend and why?

Reference no: EM13725146

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