What are three things that result from the fact that the volume of world trade has been growing faster than world GDP?
Answer:
world has become significantly wealthier
more firms are dispersing parts of their production process around the globe
economies of nation-states are becoming more intertwined
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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.
- 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?