WGU C211 Global Economics for Managers Final Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Grade A

WGU C211 Global Economics for Managers Final Exam | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Grade A view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - ANSWER 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 - ANSWER evolutionary view that claims globalization is swinging from one extreme to another from time to time - ANSWER pendulum investment in, controlling, and managing value-added activities in other countries - ANSWER 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 - ANSWER 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 - ANSWER free market views FDI as having pros and cons and only approving FDI when its benefits outweigh costs - ANSWER pragmatic nationalis what benefits exist to a country receiving FDI? - ANSWER capital inflow, technology spillovers, advanced management know-how, creates jobs what costs exist to a country receiving FDI? - ANSWER loss of sovereignty, adverse effects on competition, net outflow in the capital account