Answer each question in 5 lines.
Using a relevant trade theory, explain why Canada and the USA trade pharmaceutical drugs with each other.
If last August the value of the US dollar against the Japanese Yen was: USD/JPY 112 and today it is USD/JPY 108, has the US dollar strengthened or weakened against the Japanese Yen? (Explain how you can tell).
Has this evolution helped or harmed American firms exporting to Japan? (Make sure to justify your choice below).
Explain what the "enlargement" and the "deepening" of the European Union mean.
Then explain how they are at odds with each other.
In which kinds of industries would you use a global strategy over a localized strategy?
What are the pros and cons of "offshoring" a corporate activity?