Essay Qs Ans

Topics: Globalization, International trade, Nation Pages: 1 (274 words) Published: November 11, 2014

1.What are some of the reasons why globalization and free trade are being criticized? Do you think that free trade is helping all countries? Why or why not?

ANS:
Answers will vary. Some criticisms students might mention are that globalization favors the developed nations because free trade makes it more difficult for poorer nations to compete in a nonregulated world; that free trade encourages large multinational companies to move environmentally damaging production to poorer and often environmentally sensitive countries; and that free trade might lead to the migration of jobs from higher-wage countries to lower-wage countries.

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2.Look at the information on the world’s leading exporters discussed in the text. Do you think these trends will continue in the future? Why?

ANS:
Answers will vary but should demonstrate the students’ understanding of importing, exporting, FDI, and risk.

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3.Discuss the characteristics of a next generation of multinational managers. How can you develop those characteristics through education and experience?

ANS:
Answers will vary and should demonstrate how education and experience can help develop: a global mindset, emotional intelligence, a long-range perspective, the talent to motivate employees to excellence, negotiating skills, an understanding of national cultures, and a willingness to take overseas assignments.

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4.Why should multinational management be studied? What are some of the elements of a strategic approach to multinational management?

ANS:
Answers will vary. Students should emphasize some trends that will influence a company’s strategic approach to multinational management, including a blurring of industry boundaries, the need for flexibility over size, the need to find a niche, an ability to deal with hypercompetition, and the importance of innovation and learning.

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