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o the topic (major issues, risks/benefits, reasons for outsourcing, risks/benefits, criteria for site selection) and the industry, focusing on US outsourcing to India and/or China.    Discuss the issue from both a “pro” and a “con” perspective.  What do you think about this issue?  And, if you were running for President of the US today, what would you recommend as strategies to address this contentious issue?

3. Your company creates for the manufacturing industry. The CEO of your firm is considering making a $100M investment in China.  She has asked you to assess the risks of going forward with this venture.  Prepare a China-specific risk assessment (political, economic, legal, socio-cultural) of doing this type of business in China and your recommendations for expansion.

4. Describe the five levels of economic integration and give at least one example of a country(ies) trading at that level (5 pts.).

5. Firms use two basic strategies to compete in the international environment: international/global and multi-domestic.  Define/differentiate among these strategies.  For each strategy, give an example of a company operating according to this model and justify why it makes sense for them to do so (5 pts.).

6. Using the US and another culturally-diverse country (choose your home country if you were born outside US), compare the cultures of the countries using the Hofstede cultural dimensions.  Indicate how cultural differences influence doing business in/with each country with respect to: a) the risks of doing business in that country; c) communication or business etiquette practices; and d) business ethics.

Reference:
1. Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm. Routledge. p. 72. ISBN 0415167876.
 2. Mondo Visione web site: Chambers, Clem. "Who needs stock exchanges?" Exchanges Handbook. – retrieved 1 February 2008.
 3. Ames, Glenn J. (2008). The Globe Encompassed: The Age of European Discovery, 1500–1700. pp. 102–103.
 4. Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm. Hymer (1960, published in 1976), Kindleberger (1969) & Caves (1971). Routledge. p. 74. ISBN 0415167876.
 5. Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm. Hymer, 1976: 49–50. Routledge. p. 74. ISBN 0415167876.
 6. Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm. Hymer, 1970: 433. Routledge. p. 74. ISBN 0415167876.
 7. Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm. Bain, 1956. Routledge. p. 74. ISBN 0415167876.

https://www.51lunwen.org/CorporateGovernance/2010/0614/1841328815.html
 8. Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm. Dunning & Rugman (1985), Teece (1981). Routledge. p. 74. ISBN 0415167876.
 9. Jagdish Bhagwati, In Defense of Globalization. Oxford: Oxford University Press, 2004, esp. 122–195.
 10. Barnett, Richard, 1975: Global Reach: The Power of the Multinational Corporations.
 11. HOLMAN W. JENKINS (2008-07-02). "What Is GM Thinking?". Business World.
 12. Kevin Carson, Tucker‘s Big Four: Patents., A Mutualist FAQ

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