According to one investment adviser, ''I feel more comfortable investing in Western Europe or Canada. I would not invest in South America or other regions with a record of debt defaults and restructurings. The underwriters of large new issues of ADRs of companies from these areas assure us that things are different now. Maybe, but who can say that a government that has defaulted on debt won't change the rules again?'' Comment on this statement.
Answer to relevant QuestionsInvestors should avoid Hong Kong, given its problematic outlook now that Britain has surrendered the colony to China. Comment.a. In 1992, the Brazilian market rose by 1,117% in cruzeiro terms, while the cruzeiro fell by 91.4% in dollar terms. Meanwhile, the U.S. market rose by 8.5%. Which market did better?b. In 1993, the Brazilian market rose by ...Why do firms from each of the following categories become multinational? Identify the competitive advantages that a firm in each category must have to be a successful multinational.a. Raw materials seekersb. Market seekersc. ...In 1989, the British company Beecham Group merged with the U.S. Company SmithKline Beckman. What economic advantages might the two drug companies be expecting from their marriage? More generally, what economic forces ...What options does investment in the new British diesel plant provide to IDC-U.S.? How can these options be accounted for in the traditional capital-budgeting analysis?
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