Question 1. It is often argued that free trade benefits all nations that engage in such activity and, in the process, maximizes world welfare. If this premise is true, why do nations restrict trade?
Question 2. Why are people from high-context cultures such as China and Japan likely to be misunderstood by low-context Westerners?
Question 3. Does free trade necessarily imply that developing countries should forever specialize in primary commodities?. What types of business opportunities could you identify through NAFTA, APEC, MERCOSUR, ASEAN, COMESA, and EU? What are some adverse effects of regional integration on global business?