WGU D080 MANAGING IN A GLOBAL
BUSINESS ENVIRONMENT
COMPREHENSIVE SCRIPT COMPLETE
SOLUTIONS ALREADY PASSED
◉ Criticisms of the IMF
Answer: - imbalance of voting power (IMF policies heavily
impacted by rich countries)
-conditionality causes the citizens of the borrowing countries to
pay a heavy price
- requires borrowing countries to made structural adjustments
like privatization and deregulation and can make conditions
worse in a struggling country
- IMFs projects might hurt environmental quality
◉ What was the initial goal of the world bank
Answer: reconstruct the Europe for infrastructure projects
◉ What is the current goal of the world bank
Answer: support development of poor nations, fight poverty,
improve life quality in developing areas
◉ Criticisms of the world bank
Answer: - imbalance leadership
,- enforced conditionality causes harm to developing countries
- privatization of healthcare
- environmental damage caused by funded projects
◉ What is the World trade organization?
Answer: Encourages international trade through the lowering of
trade barriers and oversees trade agreements and facilitates
disputes between member countries
◉ The Uruguay Round
Answer: reduced tariff significantly and it also covers Intellectual
Property rights (TRIPS)
◉ The Doha Round
Answer: agriculture tariff
◉ Criticisms of the world trade organization
Answer: -transparency requirement hurts national sovereignty
- trade rules protect developed countries more than developing
countries
- the MFN rule gives multinational companies an advantage
- Agriculture product subsidy hurt developing countries (relating
to Doha Round)
- the impact of free trade in the labor rights
- environmental concerns
, ◉ export
Answer: sell products to foreign buyers
◉ import
Answer: purchases from foreign producers
◉ Mercantilism
Answer: Gold & silver are important to a country's wealth
TRADE SURPLUS: more export, less import
◉ Neo-Mercantilism
Answer: countries promote a combination of protectionist
policies, restrictions, and domestic industry subsidies (use trade
banners/tariff & quotas to limit import and protect domestic
industry)
◉ Absolute advantage
Answer: - uses absolute cost
- determines specialization
- specialization then is determined by absolute advantage to
increase production efficiency
◉ Comparative advantage
BUSINESS ENVIRONMENT
COMPREHENSIVE SCRIPT COMPLETE
SOLUTIONS ALREADY PASSED
◉ Criticisms of the IMF
Answer: - imbalance of voting power (IMF policies heavily
impacted by rich countries)
-conditionality causes the citizens of the borrowing countries to
pay a heavy price
- requires borrowing countries to made structural adjustments
like privatization and deregulation and can make conditions
worse in a struggling country
- IMFs projects might hurt environmental quality
◉ What was the initial goal of the world bank
Answer: reconstruct the Europe for infrastructure projects
◉ What is the current goal of the world bank
Answer: support development of poor nations, fight poverty,
improve life quality in developing areas
◉ Criticisms of the world bank
Answer: - imbalance leadership
,- enforced conditionality causes harm to developing countries
- privatization of healthcare
- environmental damage caused by funded projects
◉ What is the World trade organization?
Answer: Encourages international trade through the lowering of
trade barriers and oversees trade agreements and facilitates
disputes between member countries
◉ The Uruguay Round
Answer: reduced tariff significantly and it also covers Intellectual
Property rights (TRIPS)
◉ The Doha Round
Answer: agriculture tariff
◉ Criticisms of the world trade organization
Answer: -transparency requirement hurts national sovereignty
- trade rules protect developed countries more than developing
countries
- the MFN rule gives multinational companies an advantage
- Agriculture product subsidy hurt developing countries (relating
to Doha Round)
- the impact of free trade in the labor rights
- environmental concerns
, ◉ export
Answer: sell products to foreign buyers
◉ import
Answer: purchases from foreign producers
◉ Mercantilism
Answer: Gold & silver are important to a country's wealth
TRADE SURPLUS: more export, less import
◉ Neo-Mercantilism
Answer: countries promote a combination of protectionist
policies, restrictions, and domestic industry subsidies (use trade
banners/tariff & quotas to limit import and protect domestic
industry)
◉ Absolute advantage
Answer: - uses absolute cost
- determines specialization
- specialization then is determined by absolute advantage to
increase production efficiency
◉ Comparative advantage
