. Evaluate the statement: “The least favorable business environment is a politically unstable, developing nation with a command or mixed economy, and an unsecured legal system.”
2. Is the international product life theory still relevant to trade theory? Explain.
3. What is a first mover advantage and what role does it play in strategic trade theory?
4. Explain the various barriers to free trade and the motives for their use.
5. What is FDI and why do firms engage in it? What types of FDI exist?
6. Explain the levels of economic integration and trace the evolution of economic integration in Europe.
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