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Questions and Answers
What is globalization in the context of international management?
What is globalization in the context of international management?
What is one reason for the increase in globalization?
What is one reason for the increase in globalization?
Which of the following is an example of a supranational institution influencing globalization?
Which of the following is an example of a supranational institution influencing globalization?
What is a key challenge to globalism?
What is a key challenge to globalism?
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A regional trading bloc is defined as:
A regional trading bloc is defined as:
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Which of the following is NOT a type of regional trade bloc?
Which of the following is NOT a type of regional trade bloc?
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The globalization of human capital refers to:
The globalization of human capital refers to:
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Which of the following is NOT a type of legal system discussed in international management?
Which of the following is NOT a type of legal system discussed in international management?
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Which legal system is characterized by the assumption that promises will be enforced without specifying the details?
Which legal system is characterized by the assumption that promises will be enforced without specifying the details?
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Moral universalism refers to:
Moral universalism refers to:
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What does ethnocentrism mean in international management?
What does ethnocentrism mean in international management?
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The Anti-Sweatshop Code of Conduct established by President Clinton includes which of the following?
The Anti-Sweatshop Code of Conduct established by President Clinton includes which of the following?
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Which of the following international codes of conduct provides guidelines for multinational enterprises?
Which of the following international codes of conduct provides guidelines for multinational enterprises?
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Bribery is defined as?
Bribery is defined as?
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What is one of the costs multinational corporations (MNCs) may impose on host countries?
What is one of the costs multinational corporations (MNCs) may impose on host countries?
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Nationalism in an international management context is:
Nationalism in an international management context is:
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Which of the following describes protectionism?
Which of the following describes protectionism?
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Study Notes
Globalization in International Management
- Globalization involves global competition through international connections that link countries and institutions.
- It includes reducing barriers to international trade to foster economic integration.
- Cross-border trade agreements play a significant role in promoting globalization.
Factors Driving Globalization
- Cross-border trade agreements are a major contributor to the surge in globalization.
- Technology advancements in communication and transportation have decreased barriers, promoting global commerce.
Supranational Institutions
- The United Nations influences globalization through policies like intellectual property protections, exemplified in initiatives affecting countries like China.
Challenges to Globalism
- Protectionism, particularly regarding high-demand resources, poses a challenge to the principles of globalism.
- Issues such as rising nationalism can hinder international cooperation and trade.
Regional Trading Blocs
- Defined as groups of countries that collaborate to protect themselves from non-member goods, facilitating economic cooperation.
- Not classified as military alliances or cultural unions, but could include economic unions or political unions.
Types of Regional Trade Blocs
- Common forms include Free Trade Areas, Economic and Monetary Unions, but cultural unions do not qualify.
Globalization of Human Capital
- Refers to the growing demand for skilled workers at reduced costs in multinational companies.
- It emphasizes the movement of talent and expertise across borders rather than mere outsourcing.
Legal Systems in International Management
- Types of legal systems encompass Common law, Civil law, and Islamic law, with Religious law not typically included in formal discussions.
- Common law operates on the premise that promises will be upheld without extensive detail.
Moral Universalism
- Suggests a single moral standard should apply to all cultures, advocating for ethical consistency in international contexts.
Ethnocentrism in International Management
- Represents the belief that one's own cultural practices are superior to those of other countries, potentially leading to conflicts in international operations.
Anti-Sweatshop Code of Conduct
- Established by President Clinton, this code includes prohibitions against forced labor, discrimination, and abuse, aiming to improve labor conditions globally.
International Codes of Conduct
- Organizations like the International Chamber of Commerce provide guidelines for multinational enterprises, promoting ethical business practices across borders.
Bribery Defined
- Bribery involves giving or receiving something of value with the intent to influence someone illegally, distinct from customary business practices or appreciation gifts.
Costs Imposed by Multinational Corporations
- MNCs may bring costs to host countries such as increased resource demands or economic shifts, though they can also create jobs and improve infrastructure.
Nationalism in International Management
- Represents the public support for national objectives, often leading to resistance against foreign influences in the economy and public policy.
Understanding Protectionism
- Protectionism is the practice of utilizing tariffs and non-tariff barriers to limit foreign competition and safeguard domestic industries.
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Description
This quiz explores the concept of globalization within the realm of international management. Participants will answer questions about the definitions, reasons, and implications of globalization in today's business landscape. Test your understanding of how globalization influences economies and strategies.
