To prepare for this week's assignment, read the case Tiny Islands, Big Trouble in your textbook $($p$.55).$ After reading the case, discuss the following:

$1.$ Choose one of the island chains $($Paracel$,$ Spratly, Pinnacle$/$Senkaku$/$Diaoyu$/$Tiaoyutai$)$ under dispute. Research the claims of the parties asserting ownership of the island chain. Prepare a short memo summarizing the ownership claims, the basis of those claims, and a possible solution to the dispute. Are bilateral negotiations, arbitration under UNCLOS, or a region$-$wide code of conduct the best way to resolve the conflicts? What are the advantages and disadvantages of each approach?

$2.$ Imagine you are an executive for Forum Energy PLC$,$ which was granted exploration rights in the Spratlys by the Philippines. What political risks do you face? What can you do to lessen these political risks?

$3.$ Suppose you are an executive for Toyota, which has extensive FDI in China and has targeted the Chinese market as critical to the company$$s future growth. What political risks do you face? What can you do to lessen these political risk