A) Tend to argue that when less developed countries deepen their trading links with developed ones the dependent relationship means that, in fact, there will be an underdevelopment of the less developed economies B) Argue that closer trading links between rich and poor countries will mean that poorer countries will become more prosperous C) Argue that, in the absence of widespread education and training in poor countries, it is better for educated elites to control trade and commerce D) Argue that less developed countries should do all they can to attract foreign multinational corporations A) Tend to argue that when less developed countries deepen their trading links with developed ones the dependent relationship means that, in fact, there will be an underdevelopment of the less developed economies B) Argue that closer trading links between rich and poor countries will mean that poorer countries will become more prosperous C) Argue that, in the absence of widespread education and training in poor countries, it is better for educated elites to control trade and commerce D) Argue that less developed countries should do all they can to attract foreign multinational corporations

Exam 10: Globalization of Business: Good or Bad

To what extent is there support for the view that globalization is a force for the general good of humanity, and what are the conditions that it is argued need to occur for this to happen?

Free

(Essay)

4.9/5

(90)

Question 1

Correct Answer:

Verified

$\bullet$ Outline of neoclassical school in terms of 'globalization is good'.
$\bullet$ Explanation of benefits of trade in terms of comparative advantage and other benefits of trade, economies of scale, and competition.
$\bullet$ Outline and explanation of Washington Consensus set of policies.

The low costs of labour in the developing world have meant that since the end of the Second World War there has been a 'new international division of labour', and the majority of international investment now goes to developing countries.

Free

(True/False)

4.8/5

(75)

Question 2

Correct Answer:

Verified

False

What are the key features of globalization, and has its onward march been a smooth one?

Free

(Essay)

4.9/5

(78)

Question 3

Correct Answer:

Verified

Definition of globalization and explanation in terms of:
$\bullet$ International trade;
$\bullet$ Global production chains and investment;
$\bullet$ Migration;
$\bullet$ Communication flows;
$\bullet$ Cultural flows;
$\bullet$ Technological change.
Description of growth of globalization in the following periods:
$\bullet$ Imperialism;
$\bullet$ Inter-war period;
$\bullet$ Post-1945 world order;
$\bullet$ Current post-2008 situation.

Explain what is meant by 'the law of comparative advantage' and discuss the problems that coffee and cotton producers in the developing world might face in relation to their external trading position.

(Essay)

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(80)

Question 4

Which of the following theories/ideas questions the belief in the ability of free trade to help all trading partners? Please select all that apply.

(Multiple Choice)

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Question 5

Which of the options below is an example of 'outsourcing'?

(Multiple Choice)

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Question 6

Which of the following structural problems potentially face cotton farmers in Africa? Please select all that apply.

(Multiple Choice)

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(81)

Question 7

Acemoglu and Robinson feel that the great hope for developing countries lies in their ability to exploit their ability to extract valuable raw minerals from the ground.

(True/False)

4.7/5

(70)

Question 8

Adam Smith laid the foundations for trade theory with his theory of comparative advantage.

(True/False)

4.8/5

(80)

Question 9

Which of the following sets of policies were not on the original list of policies as described by the Washington Consensus?

(Multiple Choice)

4.9/5

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Question 10

Dependency writers:

(Multiple Choice)

4.7/5

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Question 11

The economist Amartya Sen used the term 'late industrialization' to describe the nature of industrialization in developing countries. He meant by this that:

(Multiple Choice)

4.9/5

(85)

Question 12

In what ways does globalization call for the development of a global ethical framework with which to assess its impact?

(Essay)

4.8/5

(90)

Question 13

Why are structuralist and radical critics sceptical about certain aspects of globalization, and how do they feel globalization could be structured to ensure its benefits are more evenly spread?

(Essay)

4.8/5

(77)

Question 14

The theory of comparative advantage is primarily a theory which shows the benefits of trade as allowing:

(Multiple Choice)

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(86)

Question 15

There was a fall in the amount of world trade as a proportion of world income in the period 1919-39.

(True/False)

4.8/5

(87)

Question 16

Which of the following countries is not regarded as being a newly industrialized country?

(Multiple Choice)

4.8/5

(87)

Question 17

The Prebisch-Singer hypothesis argues that trade will always lead to one partner being exploited by the other.

(True/False)

4.9/5

(66)

Question 18

Which of the following supportive mechanisms do structuralist writers such as Rodrik argue is needed if globalization is to help the poorer countries? Please select all that apply.

(Multiple Choice)

4.8/5

(72)

Question 19

The meaning of the term an 'international division of labour' means:

(Multiple Choice)

4.9/5

(78)

Question 20

Showing 1 - 20 of 20

To what extent is there support for the view that globalization is a force for the general good of humanity, and what are the conditions that it is argued need to occur for this to happen?

The low costs of labour in the developing world have meant that since the end of the Second World War there has been a 'new international division of labour', and the majority of international investment now goes to developing countries.

What are the key features of globalization, and has its onward march been a smooth one?

Explain what is meant by 'the law of comparative advantage' and discuss the problems that coffee and cotton producers in the developing world might face in relation to their external trading position.

Which of the following theories/ideas questions the belief in the ability of free trade to help all trading partners? Please select all that apply.

Which of the options below is an example of 'outsourcing'?

Which of the following structural problems potentially face cotton farmers in Africa? Please select all that apply.

Acemoglu and Robinson feel that the great hope for developing countries lies in their ability to exploit their ability to extract valuable raw minerals from the ground.

Adam Smith laid the foundations for trade theory with his theory of comparative advantage.

Which of the following sets of policies were not on the original list of policies as described by the Washington Consensus?

Dependency writers:

The economist Amartya Sen used the term 'late industrialization' to describe the nature of industrialization in developing countries. He meant by this that:

In what ways does globalization call for the development of a global ethical framework with which to assess its impact?

Why are structuralist and radical critics sceptical about certain aspects of globalization, and how do they feel globalization could be structured to ensure its benefits are more evenly spread?

The theory of comparative advantage is primarily a theory which shows the benefits of trade as allowing:

There was a fall in the amount of world trade as a proportion of world income in the period 1919-39.

Which of the following countries is not regarded as being a newly industrialized country?

The Prebisch-Singer hypothesis argues that trade will always lead to one partner being exploited by the other.

Which of the following supportive mechanisms do structuralist writers such as Rodrik argue is needed if globalization is to help the poorer countries? Please select all that apply.

The meaning of the term an 'international division of labour' means:

Introduction: Business and Its Environment in a Globalizing World

The Economic Environment

The Technological Environment

The Political Environment

The Legal Environment

The Social and Cultural Environment

Can the Marketplace Be Ethical Corporate Responsibility

The Natural Environment: Global Warming, Pollution, Resource Depletion, and Sustainable Development

How Has Macroeconomic Policy Changed in an Era of Uncertainty

Does Business Have Too Much Power

Is Inequality Bad for Business

Creating Effective Trading Blocs: What Lessons Does the European Union Provide

What Role for the Public Sector

From Starting to Scaling and Beyond: How Do Entrepreneurs and Smes Innovate and Grow

Conclusion: Looking Ahead-Managing in a Dynamic Environment

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