The Global Supply Chain Revolution
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Questions and Answers

Which factor has contributed to the emergence of global supply chains?

  • The establishment of international trade agreements
  • Advances in transportation and communication technology (correct)
  • The liberalisation of trade policies
  • The growth of international trade

    • What has facilitated the growth of international trade?

  • The liberalisation of trade policies
  • The rise of global supply chains
  • The growth of multinational corporations
  • The establishment of international trade agreements (correct)

    • What has allowed multinational corporations to source raw materials and labor from around the world?

  • The rise of global supply chains (correct)
  • The growth of international trade
  • The establishment of international trade agreements
  • The liberalisation of trade policies

    • What has led to increased efficiency and lower prices for consumers?

    <p>The rise of global supply chains</p> Signup and view all the answers

    What has allowed countries to specialize in the production of goods and services?

    <p>The rise of global supply chains</p> Signup and view all the answers

    Which of the following factors has NOT contributed to the promotion of globalization?

    <p>Rise in production costs</p> Signup and view all the answers

    Which of the following has made it easier and cheaper to move goods, people, and ideas across borders?

    <p>Advances in communication technology</p> Signup and view all the answers

    What has facilitated the growth of international trade and investment?

    <p>Liberalisation of trade policies</p> Signup and view all the answers

    What has played a significant role in promoting globalization?

    <p>Multinational corporations</p> Signup and view all the answers

    What has led to increased efficiency and lower prices for consumers?

    <p>Advances in communication technology</p> Signup and view all the answers

    Which of the following has contributed to the growth of cultural exchange and the spread of ideas and knowledge?

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

    What has led to increased financial interconnectedness around the world?

    <p>Capital flows</p> Signup and view all the answers

    Which factor has facilitated the growth of global governance and the coordination of policies across borders?

    <p>International cooperation</p> Signup and view all the answers

    What has allowed investors to move money quickly and easily around the world?

    <p>Advances in financial technology</p> Signup and view all the answers

    Which of the following has NOT contributed to the growth of cultural exchange and the spread of ideas and knowledge?

    <p>Capital flows</p> Signup and view all the answers

    Which of the following is an example of protectionism?

    <p>Imposing tariffs on imported goods</p> Signup and view all the answers

    What are the potential outcomes of protectionist policies?

    <p>Reduced competition and higher prices for consumers</p> Signup and view all the answers

    What are labor standards?

    <p>Rights and safeguards provided to workers</p> Signup and view all the answers

    How can companies benefit from lax labor laws in some countries?

    <p>By exploiting cheap labor, child labor, and forced labor</p> Signup and view all the answers

    What is one of the challenges businesses face in ensuring ethical labor standards in global supply chains?

    <p>The absence of globally consistent labor standards</p> Signup and view all the answers

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