Select ONE of the following questions and write your responses:

1. Describe the shifts in the world economy over the last 30 years. What are the implications of these shifts for international businesses based in Britain, North America, and Hong Kong?

2. "The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms." Evaluate this statement.

3. How have changes in technology contributed towards the globalization of markets and of production? Would the globalization of products and markets have been possible without the set Technological changes?

4. How does the Internet and the associated World Wide Web affect international business activity and the globalization of the world economy?

5. If current trends continue, China may emerge as the world's largest economy by 2020. Discuss the possible implications for such a development for a. the world trading system; b. the world monetary system; c. the business strategy of today's European and US-based global corporations; and d. global commodity prices.

6. The United States has gone through a prolonged recession since 2007. How has this economic crisis affected the position of the United States in the global economy?