Exam 12: Private Enterprise and Development

According to the international business perspective, which of the following is NOT mentioned as one of the four strategies multinationals can use when seeking location-specific assets abroad?

MNCs are being affected by informality.

"Obsolescing bargaining model" refers to __________________.

In what sense does bargaining affect the relationship between states and companies?

Compared to foreign direct investment, foreign portfolio investment flows into developing countries are less stable.

What prompted the idea of "shared value" as developed by Harvard Business School professors Michael E. Porter and Mark R. Kramer?

How do MNCs rely on GVCs?

Why was the obsolescing bargaining model criticized?

John Dunning was the first intellectual to theorize about entrepreneurship.

The "mercantile approach" has been particularly important in the study of which of the following?

Most entrepreneurial activity in the informal sector have to contend with regulatory hurdles such as health and safety rules.

By organizing production inside the multinational, they benefit from lower transaction costs and are able to fully exploit ownership advantages without losing control of them on the open market.

What are internationalization advantages for MNCs?

How have mining companies been at the forefront of corporate social responsibility (CSR) adoption and practice?

What is corporate social responsibility and why is it a controversial topic in the study of international development?

How did Joseph Schumpeter conceptualize entrepreneurship and its role in capitalist economic development?

The terms "foreign direct investment," "multinational enterprise," and "transnational corporation" are essentially interchangeable.

What are emerging multinational corporations and how do they differ from Northern MNCs?

Briefly discuss dependency theory's view of MNCs' role in the maintenance of underdevelopment in the periphery.

Those working in the informal sector in developing countries effectively control their assets from the state.