1. How does this case reflect themes of globalization?2. How are the following parties potentially affected by this takeover? Discuss both the potential benefits and negative consequences that each may experience as a result.a. CNOOCb. Nexenc. Canadian employmentd.The Canadian economye. Canadian competitors in this industryf. Global competitors in this industry3. “The Canadian government should protect Canadian business from both foreign competition and takeovers.”Discuss the merits of this statement in the context of this case.