Questions and Answers
Which term is used by the World Bank and other international organizations to supersede the GNP term?
Gross national income (GNI)
What is the adjustment made to the GDP to reflect differences in the cost of living?
Purchasing power of parity (PPP)
Which term refers to investments in controlling and managing value-added activities in other countries?
Foreign Direct Investment (FDI)
What is the term used to describe a firm that engages in foreign direct investments in multiple markets?
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Which of Friedman's eras of globalization refers to the role of individuals?
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What is the term used to describe the recent slowdown in the pace of globalization?
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What is the key difference between Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI)?
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Which of the following is NOT one of the important theories of trade and FDI mentioned?
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What does an appreciation of a currency mean?
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Which of the following is NOT an example of a non-tariff barrier mentioned in the text?
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What is the primary benefit of regional economic integration for cooperating nations?
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According to the video mentioned in the text, what are the two perspectives on the future of globalization?
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