1. Pick an industry in which firms from your country are internationally active. What are the top five favorite foreign markets for firms in this industry? Why?

2. From institution-based and resource-based views, identify the liability of foreigners confronting MNEs from emerging economies interested in expanding overseas. How can such firms overcome them?

3. Entering foreign markets, by definition, means not investing in a firm's home country. What are the ethical dilemmas here? What are your recommendations as (1) MNE executives, (2) labor union leaders of your domestic (home country) labor forces, (3) host country officials, and (4) home country officials?

4. Drawing on the industry-based, resource-based, and institution-based views, explain how Pearl River, from its humble roots, became China's and the world's largest piano producer.

5. Why did Pearl River's top management believe that the firm must engage in significant internationalization (beyond the direct export strategy)?