Exam 8: Economic Integration, emerging and Developing Markets

________ is the element of success to be applied to developing markets that involves learning about the needs,aspirations,and habits of targeted populations.

What form of economic integration involves collaboration among trading countries in which members dismantle trade barriers among members and also establish a common trade policy with respect to nonmembers?

Which emerging economy is most in need of significant infrastructure investment?

In opposition to the U.S.-led Free Trade Area of the Americas (FTAA),which group focuses more on social welfare and economic aid than trade liberalization?

_________ are Mexican border plants,with lower labor costs,making or processing goods or parts for export back to the U.S.

A(n)___________ is an agreement involving both buyers and sellers to manage the price of a particular commodity,but often only when the price moves outside a predetermined range.

When ___________,companies must combine advanced technology with local insights in order to be successful in developing markets.

__________ are lower production costs resulting from the free mobility of factors of production in a common market.

A(n)__________ is a country making an effort to change and improve its economy with the goal of raising its performance to that of the world's more advanced nations.

Describe the five elements of success that are required for an international marketer to take advantage of and thrive in developing markets.

China's recent growth as an emerging market comes as the result of a focus on:

__________ refers to stock of a commodity kept on hand to prevent a shortage in times of unexpected demand.

India's growth is largely a result of an emphasis on:

Saul is an international business manager who is interested in expanding business into South America. He is particularly interested in doing business in a country that has recovered well from the 2007-2009 global recession. With this in mind,which South American country should Saul consider first?

The Caribbean Basin Initiative (CBI)extended trade preferences to Caribbean countries granting them special access to the markets of the United States.

When Spain joined the European Union,its exports of wheat and other products increased as a result of reduced tariffs. This can best be described as:

Which institution of the European Union is composed of 751 members and started out essentially as an advisory body with relatively little power?

The _____________ has the final power to decide EU actions.

In 1979,Deng Xiao Ping helped China transform to an export-driven platform for global manufacturing by making economic development a top priority.

Algeria,Angola,Iran,Iraq,and Kuwait are members of the Organization of Petroleum Exporting Countries (OPEC). One of OPEC's main functions is to control oil prices by restricting production. OPEC can best be described as a(n):