Case 2-1 Russia: A huge emerging car market isolated from oil crisis
There is one country where the high oil price is powering the expansion of the market, rather than painful
restructuring. Thanks to abundant natural resources, Russia's economy h
3. Discuss the primary roles of the International Monetary Fund and World Bank.
International Monetary Fund
Oversees the international monetary system
Promotes exchange stability and orderly exchange relations
among its member countries
2. What is GATT, and what is its role in international transactions?
The General Agreement on Tariffs and Trade (GATT) was originally created by the Bretton Woods
Conference as part of a larger plan for economic recovery after World War II. The
Seung B Lee
4. Why are consumption patterns similar across industrialized countries despite cultural
According to increasing of income, a billion people around the world with per capita income of
$20,000 and above
Chapter 9 Review Questions 2.
What are the possible drawbacks of 50-50 joint ventures ?
Ans. The drawbacks of 50-50 joint ventures are - MNCs are restricted from full control, which are financial control, marketing control and o