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 Great Britain? North America? Hong Kong?
2-Do you think that business practices in an Islamic country are likely to differ from business practices in the United

States? If so how?
3- Drawing upon John Rawls’s concept of the veil of ignorance, develop an ethical code that will (a) guide the decisions of

a large oil multinational toward environmental protection, and (b) influence the policies of a clothing company to

outsourcing of manufacturing process.
4- In 2004, inward FDI accounted for some 24% of the gross fixed capital formation in Ireland, but only 0.6% in Japan. What

do you think explains the difference in FDI inflows into the two countries?
5-What effect is the creation of a single market and a single currency within the EU likely to have on competition within

the EU? Why?
6-Why has the global capital market grown so rapidly in recent decades? Do you think this growth will continue throughout

the next decade? Why?
7-In what kind of industries does a localization strategy make sense? When does a global standardization strategy make most

sense?
8-Licensing propriety technology to foreign competitors is the best way to give up a firm’s competitive advantage. Discuss.