WGU D312 Exam 1 Study Guide. (Top 2024/2025 EXAM REVIEW PAPERS / GRADED A+/ 100% Accurate)

WGU D312 Exam 1 Study Guide A process whereby worldwide __________ in virtually every sphere of activity are growing. Some of these __________ lead to ________ worldwide; others do not. "(Parker, 2005) - -interconnections -interconnections -integration/unity A process whereby worldwide interconnections in virtually every sphere of activity are growing. Some of these interconnections lead to integration/unity worldwide; others do not. --globaliztion 4 Categories of Change that Illustrate the Process of Gloablization - -growing economic interconnectedness -more complex and dynamic work environment -increased use and sophistication of Information Technology -more and different player on the global stage Growing Economic Interconnectedness - -Regional Integration -Customs Union -Common Market -Free trade area, no internal tariffs -Regional integration -no internal tariffs plus common external tariffs -Customs Union -customs union plus factor mobility -Common Market 3 Largest Trade Groups - -European Union -North American Free Trade Agreement (NAFTA) -Asia-Pacific Economic Cooperation (APEC) -account for about half of the world's trade -formed as a result of the General Agreement on Tariffs and Trade with the goal of reducing tariffs and liberalizing -World Trade Organization -create a greater degree of interconnectedness among the world's economies -Goal of Trade Agreements Gap between regional GDP growth rates of the fastest growing and least dynamic regions of the world has begun to narrow (T or F) -True FDI doesn't have a globalizing effect (T or F) -False -Downsizing -Privitization -Team-Based Management -Migrants changing workforce composition -More Complex and Dynamic Work Environment Enables formerly government-controlled enterprises to be available for purchase by foreign firms, thus reducing boundaries -Privitization -Firm -Forgien Constituency -Home and Host Country Government