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Please answer one of the following questions: In a world of zero transportation costs, no trade barriers, and non-trivial differences between nations with regard to factor endowments, firms must exp

Please answer one of the following questions:

  1. In a world of zero transportation costs, no trade barriers, and non-trivial differences between nations with regard to factor endowments, firms must expand internationally if they are to survive. Discuss.
  1. In what kind of industries does a localization strategy make sense? When does a global standardization strategy make most sense?
  1. What do you see as the main organizational problems that are likely to be associated with the implementation of a transnational strategy?

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