International Business and Globalization: History and Economic Terms
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Questions and Answers

Which term is used by the World Bank and other international organizations to supersede the GNP term?

  • Gross national income (GNI) (correct)
  • Gross domestic product (GDP)
  • Purchasing power of parity (PPP)
  • Foreign Direct Investment (FDI)

    • What is the adjustment made to the GDP to reflect differences in the cost of living?

  • Gross national income (GNI)
  • Foreign Direct Investment (FDI)
  • Purchasing power of parity (PPP) (correct)
  • Gross domestic product (GDP)

    • Which term refers to investments in controlling and managing value-added activities in other countries?

  • Foreign Direct Investment (FDI) (correct)
  • International Business (IB)
  • Purchasing power of parity (PPP)
  • Gross national income (GNI)

    • What is the term used to describe a firm that engages in foreign direct investments in multiple markets?

    <p>Multinational Enterprise (MNE) / Multinational Company (MNC)</p> Signup and view all the answers

    Which of Friedman's eras of globalization refers to the role of individuals?

    <p>Globalization 3: &quot;Individuals&quot;</p> Signup and view all the answers

    What is the term used to describe the recent slowdown in the pace of globalization?

    <p>Slowbalisation</p> Signup and view all the answers

    What is the key difference between Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI)?

    <p>FPI does not involve active management of foreign assets, while FDI does.</p> Signup and view all the answers

    Which of the following is NOT one of the important theories of trade and FDI mentioned?

    <p>Gravity Model of Trade</p> Signup and view all the answers

    What does an appreciation of a currency mean?

    <p>An increase in the value of a currency.</p> Signup and view all the answers

    Which of the following is NOT an example of a non-tariff barrier mentioned in the text?

    <p>Tariffs</p> Signup and view all the answers

    What is the primary benefit of regional economic integration for cooperating nations?

    <p>All of the above.</p> Signup and view all the answers

    According to the video mentioned in the text, what are the two perspectives on the future of globalization?

    <p>Resilience in supply chains and bringing back supply chains.</p> Signup and view all the answers

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