Questions 1. How might knowledge of new institutional theory help entrepreneurs new to international business think abou

[answerhappygod]

Questions 1 How Might Knowledge Of New Institutional Theory Help Entrepreneurs New To International Business Think Abou 1 (46.82 KiB) Viewed 29 times

Questions 1. How might knowledge of new institutional theory help entrepreneurs new to international business think about how international institutions might influence their practice? 2. Even though the UN may be best known for peace- keeping missions, it has many agencies involved in activities affecting business. In your judgment, do these activities justify support for the UN? Would it be better if the activities of these agencies were done by private entities such as trade groups? 3. Sovereign wealth funds and high reserves held by developing nations have changed the loan market for IMF and World Bank lending. How might these institu- tions adjust to a world in which fewer countries need their loans? 4. How and why did the WTO come into existence? Do you think bilateral trading agreements would work better than the multilateral WTO approach? Do such bilateral agreements as NAFTA and Mercosur under cut the WTO? 5. The U.S. Congress approved the North American Free Trade Agreement despite strong opposition from organized labor. Do you agree with labor's opposition to NAFTA? Explain 6. OPEC is one example of and institution based on a specific sector, petroleum. How does might OPEC's influence be understood as one of the groups that set "the rules of the game?" On what is OPEC's influence based? 7. Mercosur's major trading partner is the EU rather than the United States. Why might this be the case? 8. Describe the main bodies of the EU using concepts from new institutional theory. 9. What impact does the EU have on business, both those located within the EU and those external to the EU? 10. Criticism of international institutions often goes to the concept of sovereignty, the authority of the state to govern itself. One of the counterarguments is that the trade-offs gained from joining an international insti- tution can be positive. Using the counterargument, develop several examples, drawing on the institutions we have reviewed in this chapter.