Exam 1: Globalization

How does this current period of globalization compare with the first age of globalization?

Scenario: Jeans, Unlimited Jeans, Unlimited produces clothing for young adults. It designs its clothes at its New York headquarters, and produces them at facilities in two Southeast Asian countries. The company recently received negative press after one of its facilities was found using questionable, albeit legal, labor practices including employing child labor and operating in a manner that damages the environment. -Which of the following arguments against globalization would best apply to the situation in which Jeans, Unlimited finds itself?

Drivers of the first age of globalization (from the mid-1800s to the 1920s) included the steamship, telegraph, railroad, and later, the ________ and airplane.

The two main forces that underlie the globalization of markets and production are ________ and technological innovation.

GDP or GNP per capita is a nation's GDP or GNP multiplied by its population.

One remarkable commonality among the world's least-global nations is their low levels of corruption.

Supporters of globalization argue that it ________.

A born global firm is a company that adopts a global perspective and engages in international business from or near its inception.

Scenario: Donna Bader, Global Executive Donna Bader is a successful global business executive with 15 years marketing experience throughout Europe. Donna is participating in a forum designed to prepare young executives for their initial forays into international business. -Donna believes that to be successful globally a company must design and build products and services for export from the beginning, not as an afterthought following the conquest of domestic markets. We can say that Donna believes companies should ________.

Scenario: Tacky Toys and Mushi Toys Tacky Toys, a U.S.-based toy retailer, buys all its merchandise from Mushi Toys, a Japan-based toy manufacturer with production facilities in 12 nations. Mushi Toys markets its toys globally without modification. -Mushi Toys is best described as a(n) ________.

E-business (e-commerce) is the use of computer networks to purchase, sell, or exchange products, service customers, and collaborate with partners.

A business that has direct investments abroad in multiple countries is called a multinational corporation (MNC).

Pro-globalization economists believe globalization decreases wealth and efficiency in both developed and developing nations.

Gross domestic product (GDP) is a somewhat narrower figure than ________, the value of all goods and services produced by a country's domestic and international activities over a one-year period.

Globalization supporters believe that benefits result from worker dislocation, or "churning" as it is called when there is widespread job turnover throughout an economy.

In measuring globalization, a factor that makes some countries more global than others is ________.

Explain how technological innovation impacts globalization and how it is accelerating the process.

Globalization supporters argue that one of the most amazing consequences of globalization has been the spread of democracy worldwide.

Globalization supporters argue that it allows us all to profit from our differing circumstances and skills.

The political agenda of an organization does not generally influence its claims and findings on the beneficial or harmful effects of globalization.