Exam 3: Globalization, Localism, and Sustainability

Localism and neolocalism are the same thing.

Developing global products that are customized locally is a form of:

When countries specialize in the production and export of the goods which they can produce relatively less expensively than other counties because the possess specific resources, such as labor, capital, and land

The belief in and expression of the unique character of localities

Which of the following is a reason why tourism development initiatives fail?

Isolationism is the policy of protecting domestic industries against foreign competition.

A policy of extending a country's power and influence through diplomacy or military force

Within sustainability, there is a need to think globally and act locally.

Action of appropriating a place or domain for one's own use and establishing control over the indigenous people of an area

Glocalization is regulated by the local governance institutions.

A preliminary stakeholder analysis should include which of the following?

There is a limited amount of politics in tourism development.

Community interest in tourism development is more important than securing international investment.

Glocalization implies product development that uses standardized characteristics with distinct features.

To minimize the negative perceptions of multinational corporations (MNCs), they must encourage a tokenistic participation of local stakeholders.

Companies whose bases of operation are found in a specific country, but who have subsidiaries in two or more other countries

The World Trade Organization is responsible for which of the following?

The World Trade Organization has been influential in establishing a more integrated and interdependent global economy

Nongovernment organizations are needed to support channels of communication because:

Globalization has increased the economic, environmental, and social connections of the world.