A democratic political system is an essential condition for sustained economic progress. Is this true?

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Unit 1 Journal Questions (please choose one): choose ONE of the questions below from this unit and write at least a one page journal entry that reflects your understanding of this topic.

“Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business.” Evaluate this statement. Is it true? Why? Why not? (Chapter 1);

A democratic political system is an essential condition for sustained economic progress. Is this true? Why or why not? (Chapter 2);

You are a senior manager at a U.S. automobile company with the job of deciding whether to invest in production facilities in China, Russia, or Germany. These facilities will serve local market demand. Evaluate the benefits, costs, and risks associated with doing business in each nation. Given your answer here, which country seems to be the most attractive target for foreign direct investment? Why? (Chapter 3).

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