WGU C211 Global Economics for Managers (WGUC211)

3 views on globalization Globalization is when you do business internationally New, Evolutionary, and Pendulum "New" view on globalization A force sweeping through the world in recent times. Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? "Evolutionary" view on globalization A long-run historical evolution since the dawn of human history "Pendulum" view on globa...

What different political views exist on Foreign Direct Investment FDI? - -Radical View, Free Market View, Pragmatic Nationalism **answer includes radicalism** What is resource similarity and how does this impact competitive dynamics? - -Extent to which a given competitor possesses strategic endowment comparable, in terms of both type & amount to those of the focal firm. *Firms with a high degree are likely to have similar competitive actions. (Starbuck's instant coffee & McDonald's iced...

Which two phrases represent the views of globalization? Choose two answers. - -- A pendulum that swings from one extreme to another. - A competition among key financial centers and markets. What are two trade barriers? - -- Nontariffs - Tarriffs What is the effect of tariff on a particular product for the country imposing the tariff? - -Increases domestic production of the product. Which benefits come to the host country as a result of foreign direct investment? - -- Creation of domestic...

What is Foreign Direct Investment? – investment in a business by an investor from another country for which the foreign investor has control over the company purchased.; is an investment made by a company or individual in one country in business interests in another country. 3- What different political views exist on FDI? – radical view or pragmatic view – chapter 6, Peng 6-3a – box – *Radical View is hostile to FDI, treats FDI as an instrument of imperialism and as a vehicle for...

WGU C211 - Global Economics for Managers Exam Answers. Views on Globalization Ans: New, Evolutionary, and Pendulum "New" view on globalization Ans: A force sweeping through the world in recent times. "Evolutionary" view on globalization Ans: A long-run historical evolution since the dawn of human history