Exam 1: Globalization

_____ predicts that the power of microprocessor technology doubles and its cost of production falls in half every 18 months.

Globalization of markets results in markets becoming ____.

World Bank gives an aid of 100 million dollars to Kenya for creating rural health care facilities. This is an example of foreign direct investment.

The relative decline of the United States in the share of world output and world exports reflects ____.

According to critics of globalization, today's interdependent global economy limits a nation's national sovereignty.

Containerization allows:

Current trends indicate the world is moving toward an economic system that is more favorable for international business.

Throughout the 1990s, the amount of foreign direct investment directed at both developed and developing nations increased dramatically. This trend reflects:

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

Companies hope to lower their overall cost structure or improve the quality or functionality of their product offering through globalization of production.

The expansion of world trade implies that nations are becoming less dependent on each other for important goods and services.

Evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor.

Globalization of markets has resulted in greater differentiation of consumer tastes and preferences.

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

The World Bank is known as the lender of the last resort.

What are some of the issues a manager of an international business must confront that a manager of a domestic business never confronts?

Recent evidence indicates that the solution to the problem of stagnant incomes among the unskilled is to be found in increasing government regulation of markets.

Which of the following is a risk associated with globalization?

What is the total cumulative value of foreign investments best referred to as?

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 2004-2009?