Answer five (5) of the following discussion questions in a Word document. You should be able to answer the questions based on course materials. However, if you use other sources, please cite them appropriately. 1. International business differs from domestic business in several ways. Identify at least four of these differences and describe their implications for companies. 2. Discuss Asia as a major marketplace and business center in the world economy. 3. What is political risk? What are the types of political risks? How can a firm protect against political risk? What questions regarding political risk should a firm answer prior to entering a new market? 4. Identify the five dimensions researched by Geert Hofstede. Describe each dimension and how it could affect international business dealings. 5. Discuss the Foreign Corrupt Practices Act. 6. Explain the four elements of Porter s national competitive advantage theory. 7. List the three forms of import tariffs and explain the basis for each. 8. Explain the five forms of economic integration. 9. What are the five primary pitfalls of strategic alliances? Describe each one. 10. Why is it important for business students to study international business?
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