Read the Incident B- Latin America Debt Crisis and answer the question posted in the case

answer the following questions (listthree key pointsfor each):

1. How does this incident illustrate the effects of globalization?

2. In this incident, per unit cost and prices were assumed the same. If demand were to fluctuate 10-20%,how might cost and prices change?

3. What courses of action do companies have when significant shifts, in particular declines in demand are expected?