Web Exercise: Look at the websites listed below and answer the question below.
The text describes how the financial crisis from 2008 has hit many industries hard, in fact crippling some and forcing others to retrench or downsize. The fact is that many companies have had to rethink what they previously assumed to be long-view growth patterns in terms of international strategy and global network structure. In addition to specific companies and industries, entire countries have also found that their position within the global business environment has changed—some for better, some for worse.
Look at the following Websites and develop an argument that shows how a financial crisis might completely change the thinking of global strategists in individual companies and in foreign governments?
East Asia Economics Forum
http://www.eastasiaforum.org/tag/global-financial-crisis/
The Economist
http://www.economist.com/world/asia/displaystory.cfm?story_id=14506580
Indian Economy
http://www.economicshelp.org/blog/economics/indian-economy-2009/
Newsweek
http://www.newsweek.com/id/184621
Mexico Economy
http://www.brookings.edu/opinions/2009/0304_mexico_martinez_diaz.aspx
BBC News
http://news.bbc.co.uk/2/hi/business/8251164.stm
Global Times
http://business.globaltimes.cn/world/2009-09/468924.html
BBC News
http://news.bbc.co.uk/2/hi/south_asia/7780040.stm
