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Exam 1: Globalization

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Question 61

Multiple Choice

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If we look into the future, most forecasts now predict a __________ in world output accounted for by developing nations such as China, India, Indonesia, and South Korea, and a __________ in the share enjoyed by rich industrialized countries such as Britain, Japan, and the United States.

A) rapid rise; rapid decline
B) slight rise; slight decline
C) rapid decline; rapid rise
D) rapid rise; slight decline
E) stay the same; slight decline

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Question 62

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Although many companies have lowered their overall cost structure and have improved the quality of their products by dispersing their production activities to locations around the world, this activity is confined primarily to large firms.

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Question 63

Multiple Choice

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In producing its products, Bombardier sources goods and services from different locations around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production.This practice is made possible by the globalization of:

Country competitiveness is not something that is permanent or fixed.The dominant features of the global economy are the rapid changes relative economic and competitive status of different countries.Canada is not immune to these changes.We have seen our total share of the global economy decrease and the loss of many industries. The anti-globalization movement has been active in Canada.In particular they have been critical of multinational corporate power and argued against global and regional agreements on economic growth and the lowering of trade barriers.Others feel that globalization is inevitable and contributes to the well being of people around the world. a.Consider the overall impact of globalization on Canada from the perspective of a software developer-has it been positive or negative? Explain your answer. b.What kinds of strategies could a Canadian developer of software employ to reduce the negative impacts and take advantage of the positive aspects? Explain your answer

Describe the meaning of the term "trade barriers"? What measures have been taken by the world community to reduce the impact of trade barriers on international trade?

Between 2008-2009, FDI Inward Stock

The average yearly outflow of FDI increased from about $14 billion in 1970 to a record of _______________ in 2007, though it has fallen more recently.

In the 1960s global business activity was dominated by large Japanese multinational corporations.

Since the 1960s, there have been two notable trends in the demographics of the multinational enterprise.These two trends have been:

The WTO polices the world trading system established by __________.

As of 2006, _______ was the world's largest exporter.

The global dispersal of productive activities is:

With membership of 192 countries, the _______________ was established to preserve peace through international cooperation and collective security.

The investing of resources in business activities outside a firm's home country is referred to as:

The global economy is moving progressively towards a world in which national economies are relatively isolated from each other.

_______ is not considered to be a "developing" nation.

Many critics of globalization argue that outsourcing leads to increased use of _________ labour practices in developing countries.

Supranational organizations such as the WTO are criticized for

Average tariff rates have ______________ since 1950.

Although the characteristics of the global economy have changed dramatically over the past 50 years, as late as the 1960s all of the following demographic characteristics were true except: