Please answer all six (6) questions, each question has a weighting of five (5) points.
This is an open book test.
Q.1 The profile of China shows that it is evolving political and legal systems created a thriving business environment. Tens of thousands of foreign investors have entered its market, opened operations, and managed activities and earned profits. Still, the political system imposes hardships while the legal system complicates attempts to right wrongs.
What will be your suggestion about the interplay of political ideologies, political freedom, and challenging political environment of this country?
Q.2 “In deciding whether to make changes in either home- or host-country operations, a company should consider several factors: the importance of proposed changes to every party involved, the cost and benefit to the company of each proposed change, the value of opinion leaders in implementing the changes, whether one can use people as cultural bridges, and timing.”
In your view, what factors would you consider in company operations?
Q.3 On the Global Trade Front, the GATT framework of 1947 had been “temporary,” as congress refused to approve the International Trade Organization envisioned by the participants at the 1944 Bretton Woods Conference that established the World Bank and the International Monetary Fund. Even so under GATT there were seven successive negotiating “rounds” and agreements until the World Trade Organization (WTO) a modernized International Trade Organization, was finally established in Geneva in 1994.
Discuss, the role of WTO in International Business and why it did not cover Sea Trade?
Q.4 Companies are interested in major regional trading group for their markets, sources of raw material. In addition, production locations. The larger and richer the new market, the more likely it is to attract the attention of the major investor countries and companies.
NAFTA was borne in 1994, for above reasons. Discuss its success and failures, frustration faced by American (USA) enterprises, and finally former President Trump had to replace it with USMCA agreement.
Q.5 Managers frame analysis by evaluating the particular type of ECONOMIC SYSTEM in a country. Despite variations here and there, throughout the world, we see three types of economic systems: THE MARKET, MIXED, and COMMAND ECONOMIES.
Discuss these three types of economic systems in detail.
Q.6 “In deciding whether to make changes in either home- or host-country operations, a company should consider several factors: the importance of proposed changes to every party involved, the cost and benefit to the company of each proposed change, the value of opinion leaders in implementing the changes, whether one can use people as cultural bridges, and timing.”
What factors would you consider in company operations?
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