Exam 6: Globalization

The effects of globalization on domestic employment have significant parallels with the effects of

Because it has the world's cheapest labor, sub-Saharan Africa has received the largest share of foreign investment in labor-intensive industries

NAFTA stands for:

Describe the pros and cons of "guest worker programs."

An example of an NGO is the World Bank.

A fundamental economic justification for foreign trade is known as

Globalization is synonymous with Westernization.

In 2008, exports accounted for _________of the Gross Domestic Product of the USA

On the whole, has foreign trade helped or hurt American workers? Give some specific examples when formulating your answer.

Why has immigration been an essential element of globalization?

One reason for setting up overseas subsidiaries is to avoid the consequences of fluctuations in currency exchange rates

A 19^th-century thinker who formulated some early insights into the dynamics of globalization was

An example of a multi-national corporation is

A key component of globalization is the rapid movement of information through electronic media.

What are some of the key motivations for American, European, and Japanese firms when they set up oversea subsidiaries?

The 27 European nations which have joined together for cooperation on a variety of economic fronts are collectively known as

What are some of the key components of globalization? To what extent is it a relatively recent phenomenon?

Which of the following statements is not true?

. The U.S. used braceros for agricultural labor during the 1960s..

Intermodal transportation allows the transportation of containers on many different types of carriers.