WGU C211 Global Economics for Managers

view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist evolutionary view that claims globalization is swinging from one extreme to another from time to time pendulum investment in, controlling, and managing value-added activities in other co...

which view claims that the phenomenon of globalization was initially driven by the Western economies to exploit their Powers through Multinational Enterprises "New" force view economic gaines from international trade because one countries exported Goods, services or other items are unique, valuable and difficult to duplicate to the important countries. which view does this statement portray? resource-based View what is the aggregation of importing and exporting that leads to th...

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? The new-force view Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries Resource-based view What is the aggregation of importing and exporting that leads to the country-level trade su...

Globalization The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management The identification and assessment of risks and the preparation to minimize the impact of high-risk , unfortunate events. Gross Nationa...

Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? New globalization is a new force sweeping through the world in recent times. Pendulum globalization is a pendulum that swings from one extreme to the the other from time to time. Evolutionary globalization is a long historical evolution since the dawn of human history. What is Foreign Direct Investment? Investment in controlling and managing value-added activities in other countries...

Globalization Is the close integration of countries and peoples of the world which has been brought about by the enormous reduction of the cost of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and (to a lesser extent) people across borders. New view of Globalization A new force sweeping through the world in recent times that it is a new phenomenon beginning in the late 20th century, driven by recent te...

Deadweight Cost Net losses that occurs in an economy as a result of tariffs Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods and services different currencies can purchase. An adjustment to reflect the differences in the cost of living in various countries Triad North America, Western Europe, and Japan Resource Based View An organization's resources and capabilities, NOT external conditions, should be the basis for strategic deci...

**What Political views exist on Foreign Direct Investment (FDI)** **answer includes radicalism** Radical View - Hostile to foreign direct investment (FD) Free Market View - Suggests foreign direct investment (FDI) unrestricted by government intervention is the best. Pragmatic Nationalism - Only approves foreign direct investment (FDI) when its benefits outweigh its costs. **What is Resource similarity** The extent to which a given competitor possesses strategic endowment comparab...

3 views on globalization Globalization is when you do business internationally New, Evolutionary, and Pendulum "New" view on globalization A force sweeping through the world in recent times. Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? "Evolutionary" view on globalization A long-run historical evolution since the dawn of human history "Pendulum...

Foreign Direct Investment (FDI) Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. Strategic Trade Policy Government policy that provides companies a strategic advantage in international trade through subsidies and other supports. Transaction Risk It's the exchange rate risk...