Exam 1: Globalization

According to supporters of free trade, as countries get richer they commit greater violation of environmental and labor regulations.

The total cumulative value of foreign investments is best referred to as:

A current trend in international business is the decline of medium-sized and small multinationals, known as mini-multinationals.

Critics of globalization argue that if proponents of globalization were correct about the supposed benefits associated with free trade and investment, then which of the following would have happened?

Explain how a company competes using outsourcing. Provide an example.

Explain the trends in world trade and foreign direct investment since 1950.

_____ have/has the most to gain from reductions in agricultural tariffs and subsidies that are a part of the Doha agenda.

The _____ was established on October 24, 1945, by 51 countries committed to preserving peace through international cooperation and collective security.

The General Agreement on Tariffs and Trade (GATT) was responsible for ____.

Discuss the impact of technological change on global markets.

Since the collapse of communism at the end of the 1980s, the erstwhile communist nations have transformed their economies by globalizing their markets. This involves _____.

During the last two decades, change in Latin America has been characterized by:

In late 2001, the WTO launched a new round of talks in Doha aimed at:

Which of the following countries has been the largest recipient of foreign direct investment and received about $60 billion to $100 billion a year in inflows in 2004-2012?

Supporters of debt relief argue that new democratic governments in poor nations should not be forced to honor debts incurred by corrupt and dictatorial predecessors.

The globalization of the world economy has resulted in a relative increase in the dominance of U.S. firms in the global marketplace.

A study published in 2011 by the OECD noted that:

Which of the following is true about the International Monetary Fund?

In the last two decades, Latin American countries like Brazil, Mexico, and Chile have _____.

Which of these statements pertaining to cross-border FDI flows is true?