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International Business and Globalization: History and Economic Terms

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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?

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

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

Globalization 3: "Individuals" Signup and view all the answers

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

Slowbalisation Signup and view all the answers

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

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

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

Gravity Model of Trade Signup and view all the answers

What does an appreciation of a currency mean?

An increase in the value of a currency. Signup and view all the answers

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

Tariffs Signup and view all the answers

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

All of the above. Signup and view all the answers

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

Resilience in supply chains and bringing back supply chains. Signup and view all the answers