WGU C211 OA Rated 100% Correct!!

view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist - evolutionary view that claims globalization is swinging from one extreme to another from time to time - pendulum investment in, controlling, and managing value-added activities in other countries - foreign direct investment political view hostile to FDI. believes it is an instrument of imperialism and vehicle for exploitation of domestic resources by foreign capitalists and firms -radical suggests that FDI, unrestricted by government intervention, will enable countries to tap into their absolute or comparative advantages by specializing in the production of certain goods and services - free market views FDI as having pros and cons and only approving FDI when its benefits outweigh costs - pragmatic nationalis what benefits exist to a country receiving FDI? - capital inflow, technology spillovers, advanced management know-how, creates jobs what costs exist to a country receiving FDI? - loss of sovereignty, adverse effects on competition, net outflow in the capital account The aggregation of importing and exporting that leads to the country-level trade surplus or deficit. - balance of tradefirms with a _____ degree of resource similarity are likely to have similar competitive actions - high a high degree of resource similarity but low market commonality = _______ intensity of rivalry - highest