What importance do these economic pacts have for international managers in North America, Europe, and Asia?

CHAPTER 1
Purpose:
The purpose of this assignment is to become a better critical thinker by responding to the questions at the end of the Chapter 1.
Tasks:
Read each question and uncover the information you seek by reading the chapter and using additional research. Be sure to cite your sources using MLA or APA. You are expected to not copy information directly from the text. Affirmative and negative responses (Yes/No) will not be accepted. Use your critical thinking skills to go beyond the text. Type your responses using Times New Roman and Single-spaced.
Criteria:
A Critical Thinking rubric will be used to grade this assignment. Read and reread the question(s) as many times as necessary to gain a full understanding of it. Be sure to paraphrase the chapter and include important details. An adequate response includes 2 – 3 paragraphs consisting of 5 – 7 sentences.
Review and Discussion Questions
1. How has globalization affected different world regions? What are some of the benefits and costs of globalization for different sectors of society (companies, workers, communities)?
2. How has NAFTA affected the economies of North America and how has the EU affected Europe? What importance do these economic pacts have for international managers in North America, Europe, and Asia?
3. Why are Russia and Eastern Europe of interest to international managers? Identify and describe some reasons for such interest and also risks associated with doing business in these regions.
4. Many MNCs have secured a foothold in Asia, and many more are looking to develop business relations there. Why does this region of the world hold such interest for international management? Identify and describe some reasons for such interest.
5. Why would MNCs be interested in South America, India, the Middle East and Central Asia, and Africa, the less developed and emerging countries of the world? Would MNCs be better off focusing their efforts on more industrialized regions? Explain.
6. MNCs from emerging markets (India, China, Brazil) are beginning to challenge the dominance of developed country MNCs. What are some advantages that firms from emerging markets bring to their global business? How might MNCs from North America, Europe, and Japan respond to these challenges?

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