Team8_HW_1_Grade

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Team 8 – HW #1 – Comments and Score Leila Bandringa, Branden Garbin, Brad Johnson, Shana Lear, and Janna Rowell TOTAL SCORE (%) = 129/150 Question Score Comments Part 1: End-of-Chapter Questions and Problems (A) Ch. 1 - # 2 5/5 Exactly right! (A) Ch. 1 - # 9 5/5 You brought up good points. (B) Ch. 4 - # 8 3/5 Needs further elaboration regarding costs. (B) Ch. 4 - # 9 5/5 Good argument. There are also additional transaction-related costs associated with listing in the US. (C) Ch. 2 - # 3 5/5 Good discussion. (C) Ch. 2 - # 9 3/5 Agents can hedge (part c) (E) Ch. 5 - Pr. 12 5/5 Perfect! (F) Ch. 6 - Pr. 3 5/5 Excellent. .(F) Ch. 6 - Pr. 6 4/5 See answers (F) Ch. 6 - Pr. 8 5/5 Nice

Team 8 – HW #1 – Comments and Score Leila Bandringa, Branden Garbin, Brad Johnson, Shana Lear, and Janna Rowell Question Score Comments Part 2: “Brazil: Embracing Globalization” Question 1 14/15 You hit on many of the key points of the “Brazilian cost,” i.e., lack of infrastructure, labor regulation, high taxation and high finance costs. Macroeconomic volatility and demographics exacerbate these issues. Brazilian reliance on a few exports (coffee) and oil imports meant economic shocks (oil embargo, great depression) turned into full blown national crises and triggered the exit of foreign capital. Externally, trade barriers between Brazil and the US and Europe have hurt the country’s economic development. Internally, special interest groups such as labor unions have hindered the competitiveness of Brazil’s labor markets. Be sure not to forget the impact of political dysfunction and powerful special interest groups (such as labor unions) whose impacts exacerbate one another as well as many of the issues you described in your response. Question 2 11/15 Your answer could be improved by implying when regional integration is good for developed vs. developing. The benefits of regional integration are contingent on the stability and coordination among the integrating nations. If successful, it allows for better bargaining of developing countries in the international arena, access to larger markets, and a chance to develop domestic industries. It might be helpful to think further about the conditions under which integration might actually be detrimental to the participating members. It can make countries more closely tied together which may be positive or negative depending on the stability and prosperity of the countries/regions. Exposure to other countries economic/political instabilities comes with added contagion risks, particularly for developing economies that are inherently unstable. Do the long-term benefits of regional integration compensate for these costs? Extend this analysis to developed nations as well. Question 3 11/15 You should include discussion of the costs and benefits for both developed and undeveloped countries and expand more on the costs. The benefits are similar to regional integration but on a global scale. Developed countries may become more vulnerable to instability in their developing neighbors or see outsourcing of unskilled manufacturing labor to cheaper developing countries and rising unemployment. Developing countries may see their domestic industries wiped out by foreign competition before they are developed enough to be internationally competitive, their markets can become dumping grounds for the cheaper products of already developed countries, they are exposed to the political instability and macroeconomic fluctuations of other nations which can be problematic if they aren’t all that stable themselves. Part 3: “Country Analysis in a ‘Global Village’” 15/15 Good write-up – you touched all essential points. Part 4: “Foreign Exchange Markets and Transactions” Exercise 1 8/15 See answers Exercise 3 15/15 Everything is right. Exercise 5 10/10 Good job.

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