Define globalization and state the current challenges globalization is facing. 2- How could a multinational corporation benefit from investing in a poor or developing economy? 3- What does the term culture mean? And how do cultural differences affect international businesses? 4- Assume that a multinational corporation is searching for a foreign country to open a production facility in. How do the concepts of comparative advantage and comparative disadvantage affect the corporations country selection? 5- What are tariffs? And how do high tariffs affect the international businesss selection of a country that it is considering importing its products to? 6- What are the key differences between global standardization strategy and localization strategy? 7- What factors should an international business that markets products in multiple countries consider before they design their marketing advertisements?

8- How has COVID-19 affected the supply chain around the globe? And what contingency plans could international businesses put in place to prevent future supply chain disruptions? 9- How do cultures and legal systems affect the hiring practices and the incentive system in international human resource management? 10-What makes a country attractive for international business?