Research another industry that has experienced globalization or may be a good candidate for globalization in the future and share your example with the class and explain why you selected the industry.Choose two countries (other than the U.S.) within the same region of the world. Assess the political risks, economic risks, and legal risks of each country. If you had to invest a large sum of money into one of these two countries, which one would it be? Why? Solution 1) An industry which I strongly believe will be a good candidate for globalization and will grow at an exponential rate is the recycling industry. These days we have so many choices for goods that we buy such as mobiles, TV, refrigerator, computers, clothes, furniture, cars, etc. The variety of goods available for us to use is enormous, also technological changes and fashion makes goods obsolete or out of fashion and hence this further drives up the demand for goods. We should also note that the factors of production (inputs) used for this goods are finite. Hence, today there is a very good potential for recycling industry to experience good growth and experience globalization. Recycling firms can make the best use of the used, obsolete goods and out of fashion goods for the benefit of society and save valuable/scarce economic factors of production/inputs. 2) Let me give you the example of India and Pakistan, which belong to the same region of the world: South Asia. Both the countries got independence and existence in the year 1947. Both the countries have almost the same type of people (human capital) and natural resources. On one hand we have India, a developing country attracting huge amounts of investment from foreign companies and different countries and making a good name of itself in the whole world; on the other hand we have Pakistan attracting a bad name in the world for all the possible wrong reasons and with a very poor economy and very low standard of living. We can assess the political, economic and legal risks of these two countries and make the following conclusions: A) Political risks: The government in India is very stable while in Pakistan is not. The government in India is elected by the people(is a democracy) while the government in Pakistan is also elected by the people of Pakistan, the chosen leaders have absolutely no power in controlling the country as the whole power lies with the army and the secret service of that nation. Also, it is very common for political leaders in Pakistan to get assassinated if they do not work as per the will of the country.