Globalization & International Business

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

Which type of government policy is likely to reduce the complexity and cost of doing business in a foreign country?

  • Tax regulations
  • Free Trade Agreements (correct)
  • Foreign investment policies
  • Protectionism

What is the term for the seizure of foreign-owned assets by a government without payment of compensation to the owners?

  • Takeover
  • Domestication
  • Expropriation
  • Confiscation (correct)

What is the primary concern for businesses operating in a country with frequent changes in government?

  • Political risk
  • Trade policies
  • Government policies
  • Government stability (correct)

Which type of policy is likely to lead to a firm's loss of ownership or direct control?

<p>Takeover (A)</p> Signup and view all the answers

What is the term for the partial ownership transfer of a foreign-owned company, where companies are urged to prioritize local production and retain a large share of the profit within the country?

<p>Domestication (B)</p> Signup and view all the answers

What is the primary impact of protectionism on international trade?

<p>Increases complexity and cost of doing business (D)</p> Signup and view all the answers

What is a major consequence of the growth of economic cooperation in the context of globalization?

<p>Increased economic interdependence among nations (D)</p> Signup and view all the answers

Which of the following is an example of regional economic integration?

<p>A group of countries forms a free trade agreement (A)</p> Signup and view all the answers

What is a major driver of cultural convergence in the context of globalization?

<p>Improvements in transportation and logistics (B)</p> Signup and view all the answers

What is a key characteristic of globalization in terms of financial markets?

<p>Increased integration of financial markets across countries (D)</p> Signup and view all the answers

What is a major implication of the increasing reliance of economies on each other?

<p>Increased opportunities for international trade and investment (B)</p> Signup and view all the answers

What is a key feature of economic integration in the context of globalization?

<p>Increased economic interdependence among nations (C)</p> Signup and view all the answers

What is one of the key parameters to assess the level of global integration?

<p>Exports and imports as a percentage of GDP (B)</p> Signup and view all the answers

Which of the following is a characteristic of a globalized sector?

<p>The same groups of global companies dominate in all markets (A)</p> Signup and view all the answers

What is a key indicator of global integration at the industry/sector scale?

<p>Intensity of intersectoral trade with respect to the total world production of the sector (A)</p> Signup and view all the answers

What is the KOF index used to determine?

<p>Level of global integration (A)</p> Signup and view all the answers

What is a factor that favors globalization?

<p>Economies of scale (A)</p> Signup and view all the answers

Which company is an example of a company with a high degree of global integration?

<p>Inditex (B)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Use Quizgecko on...
Browser
Browser