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89) Managing an international business is different from managing a purely domestic business for
which of the following reasons?
A) Countries prefer to keep business transactions between domestic partners.
B) The range of problems confronted is wider and more complex.
C) International businesses have an added layer of U.N. regulations.
D) International transactions involve exchanging currencies through each country's treasury.
90) Discuss the characteristics of globalization. Use an example in your discussion.
91) Explain what is meant by the globalization of markets. Provide an example. What are the most
global markets?
92) Discuss the concept of the globalization of production.
93) What is the World Trade Organization? What is its role in the world economy?
94) What is the International Monetary Fund? What is the World Bank? What is their relationship,
if any, with each other?
95) What is the Uruguay Round? List the measures implemented in the Uruguay Round.
96) Explain the trends in world trade and foreign direct investment since 1950.
97) Explain how a company competes using outsourcing. Provide an example.
98) Discuss the impact of technological change on global markets.
99) Discuss the demographics of world trade since the 1960s. How has the role of the United States
changed? How is world trade expected to change in the future?
100) Why does China represent both opportunities and threats for established international
businesses?
101) Consider whether the shift toward a more integrated and interdependent global economy is a
good thing. Discuss the shift from the eyes of the consumer, the worker, the company, and the
environmentalist.
102) Discuss what occurred in Seattle in 1999 at the meeting of the WTO and why the events were
important to the future of global trade.
103) Falling barriers to international trade destroy manufacturing jobs in wealthy advanced
economies. Discuss this statement. Do you agree? Why or why not?
104) Why is managing an international business different from managing a purely domestic
business?
105) What are some of the issues a manager of an international business must confront that a
manager of a domestic business never confronts?
