4SA3 International Business Final Exam
Questions with Solutions
Terms in this set (132)
designed to punish foreign firms that engage in
Antidumping policies (aka
dumping and thus protect local producers from unfair
countervailing duties)
foreign competition
Began in 1989 and comprises 21 members; accounts
Asia Pacific Economic for 44% of world trade and 54% of global GDP
Cooperation (APEC) was not designed as free-trade bloc, but aim is to turn
it into a regional economic agreement
Began in 1967 as a general cooperation and
comprises 10 members; strategic location in the heart
Association of Southeast of Southeast Asia; GDP of $2.8 trillion
Asian Nations (ASEAN) Not a free trade bloc yet, but serves as a platform for
economic, social, and cultural development while
safeguarding economic and political stability
Benefits of international location economies and economies of scale
expansion
Brazil, Russia, India, China, South Africa
BRICS countries the biggest and fastest-growing emerging markets
note that CPA is inadequate for emerging markets
, all businesses are state owned and the government
decides the types, quantities, and prices of goods and
Centrally planned
services a country produces
economy
e.g., former Soviet Union, China from 1949 - 1978,
North Korea, Cuba
declining US dominance in the world economy and
world trade
Changing demographic of
increasing percentage share of FDI by developing
the global economy
economies
changing nature of MNEs
people tend to perceive themselves in terms of their
Class consciousness class background, and this shapes their relationships
of other classes
the needs of society as a whole are more important
than individual freedom
Collectivism social status of an individual is determined by the
standing of the group to which the individual belongs
(high in Asian countries)
free trade between member countries and a common
external trade policy between member countries
enables the free movement of factors of production,
such as labour and capital - requires significant
Common market
coordination among member countries and a lot of
compromise
e.g., MERCOSUR (Argentina, Brazil, Paraguay, and
Uruguay)
Common political risks adverse government actions
that MNEs face social instability
political power monopolized by the communist party
Communist totalitarianism
(China, North Korea, Vietnam, Laos, Cuba)
lobbying, campaign contributions
Corporate political establishing political connections - e.g., state-owned
strategies enterprises as a target of acquisition by MNEs and
government officials on the board
Questions with Solutions
Terms in this set (132)
designed to punish foreign firms that engage in
Antidumping policies (aka
dumping and thus protect local producers from unfair
countervailing duties)
foreign competition
Began in 1989 and comprises 21 members; accounts
Asia Pacific Economic for 44% of world trade and 54% of global GDP
Cooperation (APEC) was not designed as free-trade bloc, but aim is to turn
it into a regional economic agreement
Began in 1967 as a general cooperation and
comprises 10 members; strategic location in the heart
Association of Southeast of Southeast Asia; GDP of $2.8 trillion
Asian Nations (ASEAN) Not a free trade bloc yet, but serves as a platform for
economic, social, and cultural development while
safeguarding economic and political stability
Benefits of international location economies and economies of scale
expansion
Brazil, Russia, India, China, South Africa
BRICS countries the biggest and fastest-growing emerging markets
note that CPA is inadequate for emerging markets
, all businesses are state owned and the government
decides the types, quantities, and prices of goods and
Centrally planned
services a country produces
economy
e.g., former Soviet Union, China from 1949 - 1978,
North Korea, Cuba
declining US dominance in the world economy and
world trade
Changing demographic of
increasing percentage share of FDI by developing
the global economy
economies
changing nature of MNEs
people tend to perceive themselves in terms of their
Class consciousness class background, and this shapes their relationships
of other classes
the needs of society as a whole are more important
than individual freedom
Collectivism social status of an individual is determined by the
standing of the group to which the individual belongs
(high in Asian countries)
free trade between member countries and a common
external trade policy between member countries
enables the free movement of factors of production,
such as labour and capital - requires significant
Common market
coordination among member countries and a lot of
compromise
e.g., MERCOSUR (Argentina, Brazil, Paraguay, and
Uruguay)
Common political risks adverse government actions
that MNEs face social instability
political power monopolized by the communist party
Communist totalitarianism
(China, North Korea, Vietnam, Laos, Cuba)
lobbying, campaign contributions
Corporate political establishing political connections - e.g., state-owned
strategies enterprises as a target of acquisition by MNEs and
government officials on the board
