Understanding Globalization
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Questions and Answers

What is one of the drivers of globalization mentioned in the text?

  • Technological developments (correct)
  • Isolation of national economies
  • Increased government regulations
  • Idiosyncratic business systems

    • What does FDI stand for?

  • Fiscal Developmental Incentive
  • Foreign Direct Investment (correct)
  • Foreign Domestic Investment
  • Free Developmental Investment

    • What does MNEs stand for in the context of globalization?

  • Main National Economies
  • Merged National Exchanges
  • Market Neutral Entities
  • Multinational Enterprises (correct)

    • What are some of the negative aspects criticized by opponents of globalization?

    <p>Increasing income inequality and environmental issues</p> Signup and view all the answers

    What does globalization of markets involve according to the text?

    <p>Standardization of products and merging historically distinct markets into a global marketplace</p> Signup and view all the answers

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