INTERNATIONAL BUSINESS TEAM TERM PAPER: This TEAM assignment involves making a clear and logical international business proposition. The proposal topic must be previously approved by the instructor before going ahead on the research. Students will explore an international business function in reference to assigned countries and selected company examples. The paper should be at least 5 pages (no more than 7), typed, double spaced, with a cover page, and a list of sources cited (your references).TOPICS: Exporting, Importing, Outsourcing, Off-Shoring, Licensing, Franchising, Foreign Direct Investment FDI, Strategic Alliances, Joint Ventures, Greenfield Investments, Wholly Owned Subsidiaries, Acquisitions.All good papers, presentations, or arguments have the following format: introduction that builds to a supposed thesis, reasons why the thesis is true, and a conclusion restating the thesis. In the paper, underline the thesis and put the main arguments in italics. Do keep in mind that in your paper you should NOT say, “I think” or use any other personal pronoun (I or me)! The reader knows it is your opinion. The final version will therefore be organized as follows: Part I. COUNTRY BACKGROUND: Name of the country:Neighboring countries:Territorial size of the country:Size of the Population:Type of Political System:Who is the Prime Minister, President?What political party is in power?Derivation of the form of law: Common, civil, other.How would you classify its economic system?What are the GNI and the GNI per capita PPP?Major Natural Resources:What major products are exported and to which countries?What are the major imports and from which countries?Member of what economic integration organizations:Name of the currency: Is it freely exchanged?Suggested places to start: http://www.kidon.com/media-link/index.shtml , www.cia.gov/cia/publications/factbook & www.state.gov/www/issues/economic/country_reports.html Part II. BUSINESS PROPOSITION: such as “XYZ Manufacturing should export XXX to country YYY. ” Your proposition must be approved by the instructor. This project is about “What and Why” NOT HOW the company should proceed.Part III. EVIDENCE: Outline three reasons and the evidence for your conclusion. Site your sources. Include in your evidence at least one article from a newspaper/media source in the country you have been assigned. Do not use the following sources for your local media source: AP, UPI, Financial Times, New York Times, WSJ (all editions), Deutsche Welle, Kyodo, Bloomberg, International Herald Tribune or CNN, unless you cannot find an English-language article and have your instructor’s approval. Critically evaluate the sources as to coverage and potential bias.Suggested international newspaper directory websites: http://www.kidon.com/media-link/index.shtml , http://emedia1.mediainfo.com/emedia http://www.thepaperboy.com/welcome.htm1 (Your grade will be withheld unless the article is attached.)Part IV: CONCLUSIONS: Show that your proposition has been proved.