Reference no: EM132154205

Question: Short Essay Discussion:

Part 1 - The International Monetary Fund (IMF) lists its purposes as follows: (1) to promote international monetary cooperation via consultation and collaboration on international monetary problems; (2) to facilitate the expansion and balanced growth of international trade; and (3) to promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation. Visit the IMF Web site and list several examples of how the IMF undertakes and accomplishes these goals. What kinds of specific actions has the IMF taken in order to address economic or financial crises of your focus country? What is an example of any relationship or interaction that your focus country has had with the IMF?

Part 2 - Discuss how the need for control over foreign operations varies with firms' strategies and core competencies. What are the implications for the choice of entry mode? (the basic entry modes are exporting, licensing/franchising, FDI)