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Wgu-C211- OA -Q&A Graded A+

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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 h ... istorical 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 The aggregation of importing and exporting that leads to the country-level trade surplus or deficit. - ANSWER balance of trade firms with a _____ degree of resource similarity are likely to have similar competitive actions - ANSWER high a high degree of resource similarity but low market commonality = _______ intensity of rivalry - ANSWER highest little resource similarity but high market commonality = _____ intensity of rivalry - ANSWER lowest mercantilism, absolute advantage and comparative advantage belong to what theory of international trade - ANSWER classical theory of international trade that relies on more realistic product life cycles and first mover advantages - ANSWER modern under free trade, a nation gains by specializing in economic activities in which it has _____advantage - ANSWER absolute focuses on the idea that if a country does not have absolute advantage, they can still choose to specialize in the production of one good where it has ______ advantage - ANSWER comparative comparative advantage and absolute advantage stem from - ANSWER factor endowments theory that the wealth of the world is fixed and that a nation that imports more and exports less will be richer - ANSWER mercantilism stage of the product life cycle w [Show More]

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