Description Chapter 5: Under what conditions is it ethically defensible to outsource production to the developing world where labor costs are lower when such actions also involve laying off long-term employees in the firm’s home country? Chapter 6: Is free trade fair? Explain in detail. Chapter 7: Given the arguments relating to the new trade theory and strategic trade policy, what kind of trade policy should business be pressuring government to adopt? Chapter 8: What are the strengths of the eclectic theory of FDI? Can you see any shortcomings? How does the eclectic theory influence management practice? Assignment Protocol You must write quality definitions of the concepts, relating to current international business affairs using clear logic, and supporting facts. You must use citations with references to document ideas that come from others. This is a research paper, therefore, it must have a minimum of three references from Galileo and the textbook. Concepts and/or Questions must be typed out as headings, followed by a write-up in paragraph format, and a summary or conclusion at the end of the paper as set in the outline (provided in course resources).