Chapter by Chapter Questions

Chapter 1
Globalization
I. INTRODUCTION
Globalization is reshaping our cultures, our political, legal, and economic systems, and affecting our standards of living. It alters the global pattern of trade and investment by expanding markets and multiplying production possibilities.
II. KEY PLAYERS IN INTERNATIONAL BUSINESS
III. WHAT IS GLOBALIZATION?
IV. FORCES DRIVING GLOBALIZATION
V. DEBATE OVER JOBS AND WAGES
VI. DEBATE OVER INCOME INEQUALITY
VII. DEBATE OVER CULTURE, SOVEREIGNTY AND THE ENVIRONMENT
Chapter 2
Cross-Cultural Business
Learning Objectives:
Explain culture and the need for cultural knowledge.
Summarize the cultural importance of values and behavior.
Describe the roles of social structure and education in culture.
Outline how the major world religions can influence business.
Explain the importance of personal communication to international business.
Describe how firms and culture interact in the global workplace.

Chapter 3
Political Economy and Ethics

Learning Objectives:
1. Describe the key features of each form of political system.
2. Explain how the three types of economic systems differ.
3. Summarize the main elements of each type of legal system.
4. Outline the global legal issues facing international firms.
5. Explain the main issues of global ethics and social responsibility.
Chapter 4
Economic Development of Nations

Learning Objectives:
Explain economic development and how it is measured.
Describe economic transition and its main obstacles.
Outline the various sources of political risk.
Explain how companies can manage political risk.
Describe China’s and Russia’s experience with economic transition.

Chapter 6
POLITICAL ECONOMY OF TRADE
Learning Objectives:
1. Explain why governments sometimes intervene in trade.
2. Outline the instruments that governments use to promote trade.
3. Describe the instruments that governments use to restrict trade.

Chapter 8
Regional Economic Integration

Learning Objectives:
1. Outline the levels of economic integration and its debate.
2. Describe integration in Europe and its enlargement.
3. Describe the integration in the Americas and its prospects.