Consider the opening case (Trade and Prosperity: The Case of Mexico, on P. 283) in this chapter. How has Mexico's success affected the Canadian and U.S. economies?

Suppose you are deciding whether to locate a factory in China or in Mexico to serve the U.S. market. What factors would influence your location decision? Suppose the price of oil suddenly rises. What impact would this have on your decision?

How does the WTO affect operations of large MNCs? Did MNCs benefit from the successful completion of the Uruguay round?

What strategies can North American and Asian firms adopt to ensure access to the enormous EU market?

Why does the MFN principle promote multilateral, rather than bilateral, negotiations among WTO members?