WGU C211
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1. Main views on glob- New, evolutionary, and pendulum
alization
2. New View on Global- A force sweeping through the world in recent times.
ization
3. Evolutionary View A long-run historical evolution since the dawn of human history
on Globalization
4. Pendulum View on One that swings from one extreme to another from time to time. Rapid
Globalization globalization, but has to stop due to lash back.
5. What is FDI foreign direct investment
6. Foreign Direct In- the control and management of activities in a foreign country.
vestment
7. Green Field Invest- Brand new business in the host country, requires largest equity investment.
ment Purchase of land, factory, etc.
8. Wholly Owned Sub- Company simply purchases an entire company that is already doing business
sidiary in the host country.
9. Partnership When a company partners with company that already exists in the host coun-
try, some proportion of ownership/collaboration but not the entire company.
10. Licensing non-equity method of investment. Simply license brand name, logo, manu-
facturing process, etc. To entrepreneur in host country; Low risk.
11. Political views on Radical View, Free Market View, Pragmatic Nationalism
FDI
12. Radical view on FDI a political view which argues that globalization is the product of western
civilization and specifically the MNE's which derive from there. This view
, WGU C211
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argues globalization should be avoided as its ecological and social costs are
too high. Argue for protectionism.
13. Free market view on A political view that suggests that FDI unrestricted by government intervention
FDI is the best. Discourages tariffs and is pro-globalization.
14. Pragmatic national- a political view that approves FDI only when its benefits outweigh its costs.
ism view on FDI Particularly looks at national interest.
15. Benefits to a coun- Capital Inflow, Technology Spillover, Advanced Management Know-How, Job
try receiving FDI creation
16. Costs to a country Job loss, Loss of Sovereignty, more competition, Capital outflow.
receiving FDI
17. Sovereignty Ability of a state to govern its territory free from control of its internal affairs
by other states.
18. How do resources VRIO: Value, Rarity, Imitability, and Organization
and capabilities in-
fluence the compet-
itive dynamics of a
business?
19. Value Is the firm able to exploit an opportunity or neutralize an external threat with
the resource/capability
20. Rarity Is control of the resource/capability in the hands of a relative few?
21. Imitability Is it difficult to imitate, and will there be significant cost disadvantage to a firm
trying to obtain, develop, or duplicate the resource/capability?
22. Organization Is the firm organized, ready, and able to exploit the resource/capability?" "Is
the firm organized to capture value?
, WGU C211
Study online at https://quizlet.com/_9xtr51
23. What is resource companies with high resource similarity and low market commonality will find
similarity and how themselves in regular adversarial interactions.
does this impact
competitive dynam-
ics?
24. Classical Theory of Mercantilism: A zero-sum game theory that argues countries get richer when
International Trade they sell more than they import.
25. Modern Theory of More dynamic view on trade that goes into multi-variable realistic trade
International Trade models.
26. absolute advantage the ability of an individual, a firm, or a country to produce more of a good or
service than competitors, using the same amount of resources
27. comparitive advan- the ability to produce a good at a lower opportunity cost than another
tage producer (comparative to another country or business)
28. Mercantilism A theory that suggests that the wealth of the world is fixed and that a nation
that exports more and imports less will be richer.
29. Base of the Pyramid Economies where people make less than $2,000 per capita per year.
30. BRIC Brazil, Russia, India, and China.
31. Emerging A term that has gradually replaced the term "developing countries" since the
Economies 1990s.
32. Emerging Markets A term that is often used interchangeably with "emerging economies."
33. Expatriate manager A manager who works abroad, or "expat" for short.
(expat)
34.
Study online at https://quizlet.com/_9xtr51
1. Main views on glob- New, evolutionary, and pendulum
alization
2. New View on Global- A force sweeping through the world in recent times.
ization
3. Evolutionary View A long-run historical evolution since the dawn of human history
on Globalization
4. Pendulum View on One that swings from one extreme to another from time to time. Rapid
Globalization globalization, but has to stop due to lash back.
5. What is FDI foreign direct investment
6. Foreign Direct In- the control and management of activities in a foreign country.
vestment
7. Green Field Invest- Brand new business in the host country, requires largest equity investment.
ment Purchase of land, factory, etc.
8. Wholly Owned Sub- Company simply purchases an entire company that is already doing business
sidiary in the host country.
9. Partnership When a company partners with company that already exists in the host coun-
try, some proportion of ownership/collaboration but not the entire company.
10. Licensing non-equity method of investment. Simply license brand name, logo, manu-
facturing process, etc. To entrepreneur in host country; Low risk.
11. Political views on Radical View, Free Market View, Pragmatic Nationalism
FDI
12. Radical view on FDI a political view which argues that globalization is the product of western
civilization and specifically the MNE's which derive from there. This view
, WGU C211
Study online at https://quizlet.com/_9xtr51
argues globalization should be avoided as its ecological and social costs are
too high. Argue for protectionism.
13. Free market view on A political view that suggests that FDI unrestricted by government intervention
FDI is the best. Discourages tariffs and is pro-globalization.
14. Pragmatic national- a political view that approves FDI only when its benefits outweigh its costs.
ism view on FDI Particularly looks at national interest.
15. Benefits to a coun- Capital Inflow, Technology Spillover, Advanced Management Know-How, Job
try receiving FDI creation
16. Costs to a country Job loss, Loss of Sovereignty, more competition, Capital outflow.
receiving FDI
17. Sovereignty Ability of a state to govern its territory free from control of its internal affairs
by other states.
18. How do resources VRIO: Value, Rarity, Imitability, and Organization
and capabilities in-
fluence the compet-
itive dynamics of a
business?
19. Value Is the firm able to exploit an opportunity or neutralize an external threat with
the resource/capability
20. Rarity Is control of the resource/capability in the hands of a relative few?
21. Imitability Is it difficult to imitate, and will there be significant cost disadvantage to a firm
trying to obtain, develop, or duplicate the resource/capability?
22. Organization Is the firm organized, ready, and able to exploit the resource/capability?" "Is
the firm organized to capture value?
, WGU C211
Study online at https://quizlet.com/_9xtr51
23. What is resource companies with high resource similarity and low market commonality will find
similarity and how themselves in regular adversarial interactions.
does this impact
competitive dynam-
ics?
24. Classical Theory of Mercantilism: A zero-sum game theory that argues countries get richer when
International Trade they sell more than they import.
25. Modern Theory of More dynamic view on trade that goes into multi-variable realistic trade
International Trade models.
26. absolute advantage the ability of an individual, a firm, or a country to produce more of a good or
service than competitors, using the same amount of resources
27. comparitive advan- the ability to produce a good at a lower opportunity cost than another
tage producer (comparative to another country or business)
28. Mercantilism A theory that suggests that the wealth of the world is fixed and that a nation
that exports more and imports less will be richer.
29. Base of the Pyramid Economies where people make less than $2,000 per capita per year.
30. BRIC Brazil, Russia, India, and China.
31. Emerging A term that has gradually replaced the term "developing countries" since the
Economies 1990s.
32. Emerging Markets A term that is often used interchangeably with "emerging economies."
33. Expatriate manager A manager who works abroad, or "expat" for short.
(expat)
34.
