Ib 303 exam 1 - Study guides, Class notes & Summaries

2024/2025 IB 303 EXAM 1 WITH 100% ACCURATE SOLUTIONS

globalization the process by which national economies are merging into an interdependent, integrated global economic system globalization debate - jobs and income: falling trade barriers and manufacturing jobs in wealthy economies, outsourcing service activities to lower labor cost nations - labor policies - environmental policies: fosters uniform standards, global competition leads to eco friendly solutions, global vs national interests - national sovereignty: cultural homogeneity, ...

China's Political Environment *-Chinese Communist Party -Arbitrary* Political environments impacted by ________ -Nation-States -Corporations -International Gov. Organizations -Internations Non-gov Organizations -Individuals Countries that practice Individualism Australia, Belgium, Canada, Italy, Netherlands, United States Individualism -Individual liberties are protected -Minimal interference in Business (Laissez-faire) Countries that practice Collectivism ...

· What is globalization? What are the main drivers? How has it changed the world? correct answers - Globalization refers to the shift toward a more integrated and interdependent world economy, it has many facets like globalization of markets and production. Open flow of information (technology), capital, trade, people - 2 Globalization drivers: #1 declining trade and investment barriers; more firms offshoring, national economies intertwined, world became wealthier #2 Technology; communicati...