WGU C211 - Global
SE
R
Economics for
U
N
L
Managers
EA
ID
, Views on Globalization - ANSNew, Evolutionary, and Pendulum
"New" view on globalization - ANSA force sweeping through the world in recent times.
"Evolutionary" view on globalization - ANSA long-run historical evolution since the dawn of
human history
"Pendulum" view on globalization - ANSOne that swings from one extreme to another from
time to time
Foreign Direct Investment - ANSDirect investment in, control, and management of
SE
value-added activities in other countries
Political views on FDI - ANSRadical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI - ANSCapital Inflow, Technology Spillover, Advanced
R
Management Know-How, Job creation
Costs to a country receiving FDI - ANSLoss of Sovereignty, Adverse effects on competition,
Capital outflow. U
How do resources and capabilities influence the competitive dynamics of a business? -
N
ANSResource similarity and market commonality can yield a powerful framework for competitor
analysis.
Resource similarity - ANSThe extent to which a given competitor possesses strategic
L
endowment comparable, in terms of both type and amount, to those of the focal firm.
EA
How does resource similarity impact competitive dynamics? - ANSFirms with a high degree
are likely to have similar competitive actions. (Starbuck's instant coffee & McDonald's iced
coffee)
Classical theories of international trade - ANSMercantilism, Absolute advantage, and
Comparative advantage
ID
Modern theory view - ANSDynamic
Classical theory view - ANSStatic
Absolute advantage - ANSThe economic advantage one nation enjoys that is superior to
other nations
Comparative advantage - ANSThe advantage one economic activity nation enjoys in
comparison with other nations (relative, not absolute)
SE
R
Economics for
U
N
L
Managers
EA
ID
, Views on Globalization - ANSNew, Evolutionary, and Pendulum
"New" view on globalization - ANSA force sweeping through the world in recent times.
"Evolutionary" view on globalization - ANSA long-run historical evolution since the dawn of
human history
"Pendulum" view on globalization - ANSOne that swings from one extreme to another from
time to time
Foreign Direct Investment - ANSDirect investment in, control, and management of
SE
value-added activities in other countries
Political views on FDI - ANSRadical View, Free Market View, Pragmatic Nationalism
Benefits to a country receiving FDI - ANSCapital Inflow, Technology Spillover, Advanced
R
Management Know-How, Job creation
Costs to a country receiving FDI - ANSLoss of Sovereignty, Adverse effects on competition,
Capital outflow. U
How do resources and capabilities influence the competitive dynamics of a business? -
N
ANSResource similarity and market commonality can yield a powerful framework for competitor
analysis.
Resource similarity - ANSThe extent to which a given competitor possesses strategic
L
endowment comparable, in terms of both type and amount, to those of the focal firm.
EA
How does resource similarity impact competitive dynamics? - ANSFirms with a high degree
are likely to have similar competitive actions. (Starbuck's instant coffee & McDonald's iced
coffee)
Classical theories of international trade - ANSMercantilism, Absolute advantage, and
Comparative advantage
ID
Modern theory view - ANSDynamic
Classical theory view - ANSStatic
Absolute advantage - ANSThe economic advantage one nation enjoys that is superior to
other nations
Comparative advantage - ANSThe advantage one economic activity nation enjoys in
comparison with other nations (relative, not absolute)
