Exam Coverage
Exam coverage for WGU C211 - Global Economics for Managers
includes the application of microeconomic and macroeconomic
principles to managerial decision-making in a global business
environment. It focuses on economic analysis, international trade,
market structures, economic growth, government policy, and the
impact of global economic conditions on organizational strategy.
The course emphasizes using economic concepts to evaluate
business decisions, manage risk, and improve organizational
performance.
,"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
Views on Globalization
New, Evolutionary, and Pendulum
, 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