WGU C211 OA questions with correct answers

view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - answer new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist - answer evolutionary view that claims globalization is swinging from one extreme to another from time to time - answer pendulum investment in, controlling, and managing value-added activities in other countries - answer foreign direct investment political view hostile to FDI. believes it is an instrument of imperialism and vehicle for exploitation of domestic resources by foreign capitalists and firms - answer radical suggests that FDI, unrestricted by government intervention, will enable countries to tap into their absolute or comparative advantages by specializing in the production of certain goods and services - answer free market views FDI as having pros and cons and only approving FDI when its benefits outweigh costs - answer pragmatic nationalis what benefits exist to a country receiving FDI? - answer capital inflow, technology spillovers, advanced management know-how, creates jobs what costs exist to a country receiving FDI? - answer loss of sovereignty, adverse effects on competition, net outflow in the capital account