QUESTIONS FOR REVIEW

1. What are the advantages and disadvantages of globalization?
2. What are the three possible levels of involvement in international business? Give examples of each
3. What are the elements of national competitive advantage? 4-4. Describe the five international organizational structures.

QUESTIONS FOR ANALYSIS

5. List all the major items in your bedroom, including fur-nishings, and identify the country in which each item was made. Develop a hypothesis about why each prod-uct was made in the United States or abroad.

6. Describe the United States in terms of the five cultural orientations.

7. Do you support protectionist tariffs for the United States? If so, in what instances and for what reasons? If not, why?

8. Do you think that a firm operating internationally is bet¬ter advised to adopt a single standard of ethical conduct or to adapt to local conditions? Under what kinds of con¬ditions might each approach be preferable?

APPLICATION EXERCISES

9. The World Bank uses per-capita income to make distinc¬tions among countries. Use Web or database research to identify at least three countries in the following catego¬ries for last year: high-income countries, upper-middle¬income countries, lower-middle-income countries, and lower-income countries. In addition, identify the source of the data that you used to draw these conclusions.

10. China is one of the fastest-growing markets in the world. Use Web or database research to uncover how to best de¬scribe China according to the five cultural dimensions. Cite the sources for your information.