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problem1. India’s ruling Congress party was, previous this year, forced to shelve a landmark reform to open up country's $450bn retail sector to global supermarkets. describe the merits and demerits for developing economies opening up their domestic markets to global companies.

problem2. In February of this year commentators were speculating that Vodafone, the telecoms company, would take over Cable and Wireless Worldwide in a £700m merger. What advantages may Vodafone hope to achieve through the takeover?

problem3. Earlier this year Sony hired a new chief executive with task of turning around $2bn annual loss suffered by company. What actions can a company suffering losses on this scale take to accomplish financial stability?

problem4. In February, the price of Brent Crude oil jumped to the six-month high of £120 a barrel. Discuss the impact of this raise on local businesses in Ireland.

problem5. The European Union has imposed an oil embargo on Iran. Describe the impact of embargo on Iranian business sector.

problem6. The conflict in Syria has, since the turn of year, attracted important concern and condemnation from the international community. What action can the international community take to aid in bringing the conflict to an end?

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