1. Can political risk be "managed"? If so, what methods can be used to manage such risk, and how effective are they? Discuss the lengths to which you would go to manage political risk relative to the kinds of returns you would expect to gain.

2. Explain what is meant by the economic risk of a nation. Use a specific country as an example. Can economic risk in this country be anticipated? How? How does economic instability affect other nations?

3. Discuss the importance of contracts in international management and how contracts are viewed in other countries. What steps must a manager take to ensure a valid and enforceable contract?

4. Discuss the effects of various forms of technology on international business. What role does the Internet play? Where is all this lead- ing? Explain the meaning of the "appropriability of technology." What role does this play in international competitiveness? How can managers protect the proprietary technology of their firms?

5. Discuss the risk of terrorism. What means can managers use to reduce the risk or the effects of terrorism? Where in the world, and from what likely sources, would you anticipate terrorism?