WGU C211 Global Economics for Managers
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Terms in this set (136)
Views on Globalization New, Evolutionary, and Pendulum
"New" view on globalization A force sweeping through the world in recent
times.
"Evolutionary" view on globalization A long-run historical evolution since the dawn of
human history
"Pendulum" view on globalization One that swings from one extreme to another
from time to time
Foreign Direct Investment Direct investment in, control, and management of
value-added activities in other countries
, Political views on FDI Radical View, Free Market View, Pragmatic
Nationalism
Benefits to a country receiving FDI Capital Inflow, Technology Spillover, Advanced
Management Know-How, Job creation
Costs to a country receiving FDI Loss of Sovereignty, Adverse effects on
competition,
Capital outflow.
How do resources and capabilities Resource similarity and market commonality can
influence the competitive dynamics yield a powerful framework for competitor
of a business? analysis.
Resource similarity The extent to which a given competitor
possesses strategic endowment comparable, in
terms of both type and amount, to those of the
focal firm.
How does resource similarity Firms with a high degree are likely to have similar
impact competitive dynamics? competitive actions. (Starbuck's instant coffee &
McDonald's iced coffee)
Classical theories of international Mercantilism, Absolute advantage, and
trade Comparative advantage
Modern theory view Dynamic
Questions and Answers with Complete Solution
| 100% Correct | 2026 Update
Save
Terms in this set (136)
Views on Globalization New, Evolutionary, and Pendulum
"New" view on globalization A force sweeping through the world in recent
times.
"Evolutionary" view on globalization A long-run historical evolution since the dawn of
human history
"Pendulum" view on globalization One that swings from one extreme to another
from time to time
Foreign Direct Investment Direct investment in, control, and management of
value-added activities in other countries
, Political views on FDI Radical View, Free Market View, Pragmatic
Nationalism
Benefits to a country receiving FDI Capital Inflow, Technology Spillover, Advanced
Management Know-How, Job creation
Costs to a country receiving FDI Loss of Sovereignty, Adverse effects on
competition,
Capital outflow.
How do resources and capabilities Resource similarity and market commonality can
influence the competitive dynamics yield a powerful framework for competitor
of a business? analysis.
Resource similarity The extent to which a given competitor
possesses strategic endowment comparable, in
terms of both type and amount, to those of the
focal firm.
How does resource similarity Firms with a high degree are likely to have similar
impact competitive dynamics? competitive actions. (Starbuck's instant coffee &
McDonald's iced coffee)
Classical theories of international Mercantilism, Absolute advantage, and
trade Comparative advantage
Modern theory view Dynamic
