Edition (Rainer & Prince) | Verified
Solutions | ISBN 9781119700619
,Name: Class: Date:
Chapter 01: The Rise of Globalization
1. With business becoming increasingly global, its success, fortunately, depends only on the domestic environment.
a. True
b. False
ANSWER: False
2. Key aspects of globalization include the elimination of barriers to trade and information technology.
a. True
b. False
ANSWER: True
3. The world economy is quickly shifting away from countries with emerging economies.
a. True
b. False
ANSWER: False
4. The “soft” qualities essential to globalization include openness, protectionism, accountability, connectivity,
democracy, and centralization.
a. True
b. False
ANSWER: False
5. A sustainable decoupling process would aeventually alead ato aa amulti-polar aworld—a aworld aeconomy ain awhich
athe aengines aof agrowth acould acomprise athe aUnited aStates, athe aEuropean aUnion, aChina, aIndia, aBrazil, aRussia,
aand aSouth aAfrica arather athan athe aUnited aStates aalone.
a. True
b. False
ANSWER: a True
6. The aopenness aand aproliferation aof aglobalization aand afree atrade arules acan abest abe aattributed ato athe ainterwar
aperiod abetween aWorld aWar aI aand aII.
a. True
b. False
ANSWER: a False
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Chapter 01: The Rise of Globalization
7. As apart aof athe aWorld aBank’s aStrategic aFramework, athere aare afive afocus aareas athat aaccommodate aand
afacilitate athe aglobalization aprocess aincluding aits aanalytical aand aadvisory arole asupporting anational apolicies ato
astrengthen afree amarket ainstitutions aand ainfrastructure athat ahas aprovided athe apotential afor acreating alarge agains
afrom atrade.
a. True
b. False
ANSWER: a True
8. For athe aWorld aTrade aOrganization, aincreasing atrade abarriers ahas abeen aone aof athe amost asimple aways ato
aencourage atrade aand aglobalization.
a. True
b. False
ANSWER: a False
9. The afoundations aof athe aglobalized abusiness aworld aare apolitical—and aso aare athe abiggest athreats ato athe asystem.
a. True
b. False
ANSWER: a True
10. Countries athat ahave asuccessfully aadapted ato aglobalization arealize athat athey acannot asucceed awithout ahigh-
quality agovernment amanagement aat ahome.
a. True
b. False
ANSWER: a True
11. In acommunist aand astate-controlled aeconomies alike athose ain aCentral aAsia aproperty arights aeither ado anot
aexist aor aare anot awell adefined awhich adiscourages adomestic aand aforeign ainvestors afrom amaking along-term
acommitments ain athese acountries.
a. True
b. False
ANSWER: a True
12. Globalized aeconomies alike aNew aZealand aand aSingapore arank aat athe atop ain aindex afor aabsence aof
acorruption aby aTransparency aInternational.
a. True
b. False
ANSWER: a True
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Chapter 01: The Rise of Globalization
13. Text amessaging awill alikely abe aan aunimportant acomponent aof aemerging aeconomies' amobile aphone ausage
abecause amost apeople ain athese acountries acannot aread aor awrite.
a. True
b. False
ANSWER: a False
14. Critics aargue athat aopen atrade aand aforeign adirect ainvestment aalways atake ajobs afrom aworkers ain adeveloping
aeconomies aand atransfer athem ato aworkers ain aadvanced aindustrial acountries awhich aleave athe aworkers ain athe
adeveloping acountry, aout aof awork.
a. True
b. False
ANSWER: a False
15. There aappears ato abe aa aclear aconnection abetween aeconomic afreedom aand apolitical afreedom.
a. True
b. False
ANSWER: a True
16. Brazilian aJuice, aa amanufacturer aof ahealthyafruit ajuices ain aBrazil, asells ajuice ain asix adifferent acountries aincluding
aUnited aStates. aBrazilian ajuice ais aengaging ain
a. economic adevelopment ain aUnited aStates.
b. exercising anontariff abarriers ain aBrazil.
c. unfair atrade apractices.
d. globalization.
e. the aWorld aTrade aBank aGroup.
ANSWER: a d
17. Which aof athe afollowing ais aNOT aa akey aaspect aof aglobalization?
a. The aelimination aof abarriers ato atrade
b. Investment
c. Financial aindependence
d. Culture
e. Information atechnology
ANSWER: a c
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