Exam 1: Globalization

Critics of globalization argue that it eliminates jobs in developing nations.

Whereas relocating production to low-cost locales traditionally meant production of goods almost exclusively,it increasingly applies to the production of ________.

A business that has direct investments (in the form of marketing or manufacturing subsidiaries)abroad in several countries is called a ________.

Imports are goods and services purchased abroad and brought into a country.

________ markets are characterized by the rural population migrating to cities for better pay and thus,overloading cities' infrastructures.

Which of the following actions can be adopted by developed nations to lessen the negative effects of globalization?

The value of all goods and services produced by a country's domestic and international activities over a one-year period is the country's ________.

Scenario: Donna Bader, Globalization Opponent Donna Bader spent her final year at college studying the effect of various economic factors on the economy of developing nations. Based on the results of her study, she concluded that globalization does these countries more harm than good. -Which of the following statements,if true,strengthens Donna's argument?

As a result of globalization,Argonia finds that its national borders are becoming less relevant.This indicates that Argonia is undergoing ________.

Flexible labor markets allow workers to be redeployed rapidly to sectors of the economy where they are highly valued.

Explain globalization of production and its benefits.Why should a company study international firm management if its leadership commits to globalization of production?

Critics of globalization say that global consumer-goods companies destroy ________.

Which of the following was originally created to regulate fixed exchange rates and enforce the rules of the International monetary system?

The widening set of interdependent relationships among people from different parts of the world is known as ________.

Globalization is criticized because it ________.

It is difficult to compare globalization of business over time because shifting national borders have changed the nature of transactions from domestic to international and vice versa.

International firms tend to support reasonable labor and environmental laws to expand future local markets for their businesses.

Trade unions claim that by permitting international firms to continually move to nations with ________,globalization reduces labor's bargaining power and forces overall labor standards lower.

Christopher,an accounts manager at a mid-sized health care firm,does not have any direct international responsibilities; however,Christopher would most likely benefit from studying international business issues so that he can ________.

Globalization tends to foster two important values,tolerance and ________.