Supporters of globalization argue that bodies such as the World Trade Organization and the United Nations exist to serve the collective interests of member states, not to subvert those interests.
Answer: True
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Globalization
- Some say that the only way for highly indebted poorer countries to get out of poverty is to implement _____.
- One concern voiced by critics of globalization is that
- A(n) ______ is any entity that conducts business in at least two countries.
- What are three things that result from the fact that the volume of world trade has been growing faster than world GDP?
- Global markets for industrial goods such as oil and wheat are more typical than those for consumer products because _____.
- Among developing nations, ______ has been the largest recipient of foreign direct investment.
- Foreign direct investment occurs when a(n)
- Studies exploring the share of labor in national income over the last two decades show that the share of national income accounted for by skilled labor has
- At some point, rising income levels lead to demands for greater environmental protection and, as a result, pollution levels fall. A study by Grossman and Krueger found this generally occurred before per capita income levels reached
- According to the supporters of globalization, falling barriers to international investment
- One reason why a global market does not fully exist is _____.
- Current trends indicate that, due to the emerging economies, the world is moving _____ an economic system that is more favorable for international business.
- FlexFabric is a medium-size company based in Virginia. Over the past five years, the company has increased its international trade efforts and now 35% of its business takes place overseas. FlexFabric is an example of a(n) _____.
- What is one benefit of the Internet?
- The four basic purposes of the United Nations include _____.
- Renata is traveling across Europe and is surprised to find Starbucks, McDonald's, and Coca-Cola in nearly every city she visits. This shows a convergence of consumer tastes which creates a _____.
- A(n) ______ business is any firm that engages in cross-border trade or investment.
- Some demonstrations against globalization are based on the idea that falling barriers to international trade
- In terms of innovation in transportation technology occurring since the 1950s, the development of _____ has essentially reduced the size of our entire world.
- As international trade expands, the economies of the world's nation-states are becoming ______.
- We live in an ever-increasing knowledge society. How does this affect international trade?
- Creating and managing a globally dispersed production system is facilitated by the ______ in costs of information processing and communication.
- Which of the following organizations ensures that nation-states comply to the rules associated with trade treaties signed by member states?
- A manager in a(n) (international or domestic) business faces a wider and more complex range of problems than one in a(n) (international or domestic) business.
- When NAFTA was first introduced, what was the biggest argument opponents presented?