Question: Please explain the seven global dimensions (functional areas). Why such a grouping is necessary? What are some of the characteristics of mini-global (mini-multinational, micro-multinational) firms?

  1. Please explain the seven global dimensions (functional areas). Why such a grouping is necessary?
  2. What are some of the characteristics of mini-global (mini-multinational, micro-multinational) firms? Explain at least 3 of these characteristics.
  3. How does the Theory of International Product Life-Cycle explain international trade? Do you think it is a realistic approach to international trade? Please explain.
  4. Do you think infant industry should be protected? Why and why not? Please explain both views.
  5. Some academicians argue that some imports should be restricted to allow diversification of the domestic economy. Do you think it is a valid argument?
  6. What is dumping? Why it can be legitimate source to restrict imports by the countries?
  7. Please describe the two general catagories of import duties mentioned below:
    1. Tariff barriers
    2. Non-tariff barriers

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