summary for Chapter $6$: Drawing upon the new trade theory and Porter's theory of national competitive advantage, outline the case for government policies that would build national competitive advantage in biotechnology. What kind of policies would you recommend that the government adopt? Are these policies at variance with the basic free trade philosophy? Chapter $8$: What are the strengths of the eclectic theory of FDI? Can you see any shortcomings? How does the eclectic theory influence management practice? Chapter $9$: What are the economic and political arguments for regional economic integration? Given these arguments, why don't we see more substantial examples of integration in the world economy? Chapter $12$: In what kind of industries does a localization strategy make sense? When does a global standardization strategy make the most sense? Chapter $14$: How do you explain the use of countertrade? Under what scenarios might its use increase further by the year $2020?$ Under what scenarios might its use decline? Chapter $15$: Explain how the global supply chain functions of $($a$)$ logistics and $($b$)$ purchasing can be used to strategically leverage the global supply chains for a manufacturing company producing mobile phones