1. Discuss the primary advantages and disadvantages of globalization. Do you believe the advantages outweigh the disadvantages? How can the effects of the disadvantages of globalization be reduced.

2. Describe the differences between collectivism and individualism. Are these two ideology's compatible or in direct conflict? Which ideology seems to be gaining ground and which ideology is waning? Is this good news or bad news for international commerce? Explain your answer.

3. Hofstede isolated four dimensions that he claimed characterized the cultures of different countries. Briefly describe each of his four dimensions. Should Hostede's dimensions be used by managers to determine how cultures differ and what that might mean for management practices?

4. Identify the most common ethical issues that may arise in the international business setting. Discuss the roots of these issues. Discuss how managers of international firms should address such issues.

5. In an extensive study that was published in a book entitled The Competitive Advantage of Nations, Michael Porter concluded that four broad attributes of a nation shape the environment in which local firms compete, and that these attributes promote or impede the creation of competitive advantage. Identify and describe the four attributes advanced by Porter. What did Porter conclude from his analysis?

6. Who gains and who losses from the imposition of a tariff on imported goods? How can it be determined whether the net gain from the tariff exceeds the net loss?

7. What is the "infant industry argument"? What are its implications for the world economy? What are the criticisms of this argument?

8. What is franchising? With the help of a suitable example, explain how franchising can be a profitable alternative to FDI.