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| According to Alvin Toffler, Which period of economic evolution are we currently in? |
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| The widening gap between technologically advanced and less advanced nations is referred to as |
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| what will increase the need for continued education and training |
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| accelerating pace of technological change |
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| To what degree does technology influence our lives |
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| the current information wave has variously been called the |
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| in his book "the third wave" alvin Toffler identified three periods of economic evolution that can be tied to advancements in technology. which of the following did he refer to as the first wave? |
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| organization for economic cooperation and development |
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| which was the first theory to really focus on the role of government in international trade |
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| The mercantilist theory created a zero-sum game, in which importing nations______, while exporting nations ______. |
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| the trade theory that suggests that a country should produce and export only those products which it can produce more cheaply than other nations is known as... |
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| the theory of ______ holds that the failure of former colonies to prosper as independent nations states is due to their continued economic exploitation by their former colonical rulers following independence. the theory contends that the former colonial governments and their MNC;s twist the terms or trade. |
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| What is the relationship between degree of globalization and growth in GDP per capita? |
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| poor countries that are more globalized have a greater GDP per capita growth than wealthy countries. |
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| Which of the following are used by governments to disrupt the free flow of trade? |
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| Quotas, Local content requirements, tariffs, government subsidies, (all of the above) |
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| One of the biggest current controversies in trade has to do with |
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| from 1950-2003, world trade ___________ and World GDP_______. |
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| significantly increased, increased. |
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| according to the textbook, which is the largest MNC in the world? |
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| why do companies go abroad? |
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| market, resource, and knowledge seeking activities |
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| what represents about 50% of all international trade? |
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| What is the most visible agent of globalization? |
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| Multinational Corporations |
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| Custom duties, tariff, quotas, etc. are examples of____. |
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| The recent adoption of liberal economic policies, deregulation, and waves of privatization have led to____. |
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| an unprecedented growth in worldwide FDI. |
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| The advantages frequently associated with entering a market early are commonly known as |
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| most manufacturing firms being their global expansion through |
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| tariff barriers can make it uneconomical to use which mode of entry |
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| turnkey products are a means of exporting_______ to other countries. |
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| A _____ entails establishment of a firm that is jointly owned by two or more otherwise independent firms. |
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| a _____is the preferred mode of foreign market entry for a high-tech firms that wants to (1) minimize the risk of losing control over its technological competence; and (2)maintain tight control over its operations. |
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| If a firm is entering a market where there are already well-established incumbent enterprises, and where global competitors are also interested in establishing a presence, it may pay the firm to enter via a(n) |
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