The term "emerging economies" has replaced the term _____.
Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____.
gross national product
More th
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The term "emerging economies" has replaced the term _____.
Developing countries
The gross domestic product plus the income from non-resident sources abroad gives the ____.
gross national product
More than 25% of global GDP comes from _____.
BRICS countries
Viewing the global economy as a pyramid, the Triad refers to _____.
North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid.
less than $2,000
Which of the following would be an example of a top down innovation?
Lowering prices and features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)?
It only has 19 member countries.
Which of the following does the institution-based view of global business lay emphasis on?
Understanding the laws and values of the firm's host nation.
The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____.
focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____.
foreign firms in host nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective?
It is a western ideology focused on exploiting and dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders are high, but not high enough to completely insulate countries from each other.
Semiglobalization
The strategy of treating each country as a unique market and in total isolation is referred to as _____.
Localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____.
Shrinking
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