TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All SECTIONs 1-20

TEST BANK For International Business: Competing in the Global Marketplace, 14th Edition By Charles Hill. All SECTIONs 1-20 FORM 1 1 SECTION 1 1) Debatethe characteristics of globalization. Use an example in your discussion. 2) Explain whatever is meant by the globalization of markets. Provide an example. Whatever are themost global markets? 3) Debatethe concept of the globalization of production. 4) Whatever is the World Trade Organization? Whatever is its role in the world economy? FORM 1 5) Whatever is the International Monetary Fund? Whatever is the World Bank? Whatever is their relationship, if any, with each other? 6) Whatever is the Uruguay Round? List the measures implemented in the Uruguay Round. 7) Explain the trends in world trade and foreign direct investment since 1960. 8) Explain how the COVID-19 global pandemic has impacted globalization. 9) Debatethe impact of technological change and automation on global markets. Debatethe demographics of world trade since the 1960s. How has the role of the United States changed? How is world trade expected to change in the future? 10) Why does China represent both opportunities and threats for established international businesses? 11) Consider whether the shift toward a more integrated and interdependent global economy is a good thing. Debatethe shift from the eyes of the consumer, the worker, the company, and the environmentalist. FORM 1 3 FORM 1 4 12) Debatewhatever occurred in Seattle in 1999 at the meeting of the WTO and why the events were important to the future of global trade. 13) Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Debatethis statement. Do you agree? Why or why not? 14) Why is managing an international business different from managing a purely domestic business? 15) Whatever are some of the issues a manager of an international business must confront that amanager of a domestic business never confronts? FORM 1 5 16) refers to the shift toward a more integrated and interdependent world economy. A) Outsourcing B) International marketing C) Privatization D) Globalization 17) In 2008 and 2009, the became the forum through which major nations attempted to launch a coordinated policy response to the global financial crisis, which started in America. A) United Nations B) Group of Seven (G7) C) Group of Twenty (G20) D) World Trade Organization 18) Which factor has contributed to the globalization of markets? A) a decrease in foreign direct investment B) global convergence of consumer tastes and preferences C) an increase in cross-border barriers to trade D) the trend to separate a homogeneous market into separate national markets 19) Globalization has resulted in A) less interdependence between national economies. B) an increase in the use of outsourcing. C) a collective material culture becoming more diverse. D) increasing barriers to cross-border trade.