Is it a useful concept in a global industry?

Part 1:
Watch the video using the following link:
https://smallbusiness.chron.com/pros-cons-foreign-direct-investment-international-businesses-56164.html
(Question):
1. Describe the situations when licensing is not a good option for a firm.
2. What prompted the formation of the European Union? Discuss
Part 2:
Watch the video using the following link:

(Question):
Differentiate the World Bank from the IMF
Part3:
Chapter 7. Strategy Formation: Corporate Strategy
Textbook: Wheelen, T. L., Hunger, D., Hoffman, A. N., & Bamford, C. E. (2014). Concepts in strategic management and business policy (14th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN-13: 9780133126129 (print), 9780133126433 (e-text)

Recommended
Andersson, H., & Janson, G. (2012). Evaluating a corporate strategy: A case study of Länsförsäkringar. Available via https://stud.epsilon.slu.se/4453/1/Andersson_et_al_120703.pdf
(Question):
How is corporate parenting different from portfolio analysis? How is it alike? Is it a useful concept in a global industry?