AES Exam 2 KTCs Questions With Correct Answers

How is relative openness of a country to trade measured - Answer Exports/GDP What is the global average - Answer 31% Where does the US stand - Answer 14% Name some countries above the average - Answer Germany, Thailand, Korea What are the US's 4 largest net export categories - Answer Aircraft, Soybeans, Chemicals, Fuels/Oil Largest net import categories - Answer Cars, cell phones, crude oil Compare US to Japan and Canada - Answer US - E/I manufactured and primary Japan - E - M, I - P Canada - E - P, I - M Main driving forces to globalization - Answer Less trade barriers - tariff reductions Technology change - IT and large crating New countries - China and India Is globalization increasing, decreasing or staying the same - Answer increasing but less than before the recession how does globalization effect jobs in the US - Answer less manufacturing and more IT and engineering jobs Explain Corporate Social Responsibility - Answer Corporate initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare How does CSR relate to triple bottom line - Answer Takes into account social and environmental effects Differentiate the businesses and government policies approaches in the US and EU - Answer way more strict in the EU, guilty till proven innocent, have to supply tests proving a product works. US products innocent till proven guilty, less public knowledge Purpose of the Global Reporting Initiative - Answer In place to progress towards a sustainable business economy Does Shell's participation ensure it operate sustainably - Answer No, the GRI has shown they have many unsustainable practices including exhausting natural resources, damaging water supplies, and destroying lands