Questions on International Business

[1] What is international business? What are the drivers of international business? (10)
Compare and contrast domestic business with international business.

[2] What is international trade? How do the theories of absolute advantage and (2+4+4)
comparative advantage of international trade differ from each other? What is
Porter’s Diamond Theory? Critically comment on each of the elements of
Porter’s Diamond Theory.

OR
Write Short notes on: (5 x 2)
(i) Regional Trade Blocks and their types.
(ii) Factors responsible for Regional groupings
(iii) ASEAN
(iv) WTO
(v) NAFTA
[3] (a) Discuss the various routes of globalization. Which route according to you is (05)
most appropriate for India?
(b) Explain Justin’s “Globe-Hex’ Model. Also mention in brief the measures that (05)
the Government of India should take with regards to ‘Globe-Hex’ strategies
OR
Explain in brief the management practices and strategies of Japanese (10)
Multinationals. List the documents required for making an IEC application
and mention the validity and features of IEC number.