From the perspective of an international business, what are the most important criteria for choosing between the systems?

Global business and investments
1) Between 1990 and 2007 the volume of world trade grew every year, creating an increasingly interdependent global economy while barriers to international trade were progressively reduced. In the wake of the global financial crisis that started in the United States in 2008 and quickly spread around the world, this changed. As global demand slumped and financing for international trade dried up in the wake of tight credit conditions, so did the volume of international trade. This contraction is alarming because declines in trade have been followed by calls for greater protectionism from foreign competition as governments try to protect jobs at home in the wake of declining demand. Although Treaties limit the ability of national governments to raise trade barriers, many countries found ways to get around WTO rules and impose non-tariff barriers. As the volume of international trade rebounded strongly in 2010 on the back of a fairly modest growth rate in the world economy, the protectionist pressures abated somewhat. a) What might occur if a renewed economic slowdown triggered a wave of protectionist measures around the world? b) Would protectionism actually protect jobs, or would it make things worse? Use appropriate theories and examples to support your position 2) Debate the relative merits of fixed and floating exchange rate regimes. From the perspective of an international business, what are the most important criteria for choosing between the systems? Which system is the more desirable for an international business? Use appropriate theories and examples to support your position 3) Consider you are the founder of a small company of internet service in London that helps people to rent rooms. You are thinking of extending your service to clients in Europe. Questions: a) Using appropriate theoretical frameworks discuss the key challenges you are likely to face in internationalizing your business b) What will be the first European country to enter to? Justify your answer using relevant theoretical concepts and/or data c) What alternative approaches to entry into new countries are available to you? Critically evaluate the strategy that would offer the best chance of success