WGU C211 Global Economics for Managers | 114 Questions with 100% Correct Answers | Verified | Latest Update | 23 Pages

Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? - New globalization is a new force sweeping through the world in recent times. Pendulum globalization is a pendulum that swings from one extreme to the the other from time to time. Evolutionary globalization is a long historical evolution since the dawn of human history. What is Foreign Direct Investment? - Investment in controlling and managing value-added activities in other countries. What different political views exist on FDI? - Radical - hostile to FDI, roots to Marxism, treates FDI as an instrument of imperialism and as a vehicle for exploitation of domestic resources by foreign capitalists and firms. Free Market - suggests that FDI unrestricted by government intervention will enable countries to tap into their absolute comparative advantages by specializing in the production of certain goods and services.. win-win logic FDI friendly polices Brazil, China, Hungary, India, Ireland, Russia. Pragmatic Nationalism - Practiced by most countries. Viewing FDI as having both pros and cons and only aprroving FDI when its benefits outweigh costs. What benefits exist to a country receiving FDI? - Capital inflow - can help improve a host country's balance of payments Technology - can create technology spillovers that benefit domestic firms and industries