(a) Evaluate four (4) basic strategies for International Business to compete in international markets (30 marks) 

(b) Identify the key drivers of globalization which give great impact to the development of the current global economy. 

(a) Foreign exchange risk is a major concern for international businesses, as currency rate fluctuations can have significant impacts on financial performance. Examine the methods to mitigate these risks. 

(b) Evaluate the benefits and costs of Foreign Direct Investment for Host Country.