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WGU C211 OA LATEST 2022 RATED A+ view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's ✔✔new view that claims globalization is a long ...

WGU C211 OA LATEST 2022 RATED A+ view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's ✔✔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 ✔✔evolutionary view that claims globalization is swinging from one extreme to another from time to time ✔✔pendulum investment in, controlling, and managing value-added activities in other countries ✔✔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 ✔✔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 ✔✔free market views FDI as having pros and cons and only approving FDI when its benefits outweigh costs ✔✔pragmatic nationalis what benefits exist to a country receiving FDI? ✔✔capital inflow, technology spillovers, advanced management know-how, creates jobs what costs exist to a country receiving FDI? ✔✔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. ✔✔balance of trade firms with a _____ degree of resource similarity are likely to have similar competitive actions ✔✔high a high degree of resource similarity but low market commonality = _______ intensity of rivalry ✔✔highest little resource similarity but high market commonality = _____ intensity of rivalry ✔✔lowest mercantilism, absolute advantage and comparative advantage belong to what theory of international trade ✔✔classical theory of international trade that relies on more realistic product life cycles and first mover advantages ✔✔modern under free trade, a nation gains by specializing in economic activities in which it has _____advantage ✔✔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 ✔✔comparative comparative advantage and absolute advantage stem from ✔✔factor endowments

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