Foreign Direct Investment. Read the Closing Case: Lakshmi Mittal and the Growth of Mittal Steel at the end of chapter 7 and write a 3-4 page paper in APA format with a detailed analysis that answers the following questions:
- What forces drove Mittal Steel to start expanding across national borders?
- Mittal Steel expanded into different nations through mergers and acquisitions, as opposed to
Greenfield investments. Why?
- What benefits does Mittal Steel bring to the countries that it enters? Are there any drawbacks to a
nation when Mittal Steel invests there?
- What are the benefits to Mittal Steel from entering different nations?
- The acquisition of Arcelor was very acrimonious, with many politicians objecting to it. Why do you
think they objected? Where their objections reasonable?