Answer the following questions:

1. Imagine a world without free trade, what might it look like & why? Is it generally advantageous for all countries to participate in international trade?
2. Two important, and somewhat opposing, characteristics of good international strategy are: the need to integrate operations worldwide to keep transaction and other costs low, and the need to be responsive to individual country & regional markets. Explain how integration & customization affect all pieces of the value chain including distribution, marketing, legal considerations, HR, & competition, as well as the product itself. Illustrate your answer with relevant examples.