WK 2 Assignment

Foreign Direct Investment

Read the Closing Case: Lakshmi Mittal and the Growth of Mittal Steel at the end of Chapter 7 and write a three- to four-page paper, excluding the title and reference pages, that answers the following:

• Explain the forces that drove Mittal Steel to start expanding across national borders, including a history of Mittal Steel.
• Analyze why Mittal Steel expanded into different nations through mergers and acquisitions, as opposed to Greenfield investments.
• Examine the benefits that Mittal Steel brings to the countries that it enters. Include examples of benefits.
• Examine the drawbacks to a nation when Mittal Steel invests. Include examples of drawbacks.
• The acquisition of Arcelor was very acrimonious, with many politicians objecting to it. Infer the basis for the objections and assess whether or not their objections were reasonable. Provide examples in regard to the basis.

In addition to the required text, provide at least one additional scholarly source to support your paper. Your paper should be formatted in APA style