Ibus 310 midterm - Study guides, Class notes & Summaries

international business is correct answers transfer of resources, goods, services/skills, or information across borders ghemawat semi globalization curve correct answers -the world is semi globalized and will remain so for decades to come -allows companies to avoid: -growth fever -statelessness -need for ubiquity -where are we on the curve right now....? Thomas Friedman correct answers author of The World is Flat -ch 1: while I was sleeping -ch 3: triple convergence -ch. 16 del...

IBUS 310 Midterm Questions & 100% Verified Correct Answers with complete solutions (Latest update 2024 2025

IBUS 310 Midterm (1)

Liberalism -ANSWER Government rule is to create rules of the game and enforce them so everyone can participate fairly; everyone is better off from trade due to the increase of economic effeciency Mercantilism -ANSWER Humans are selfish and markets cannot function w/o state intervention; national wealth and power is sole goal which can be achieved through protectionism; zero-sum game of exporting more than importing (gain for one equals loss for another) State Capitalism -ANSWER The use of ...

first law of globalization (law of semiglobalization) -ANSWER International interactions, while not negligible, are significantly less than domestic interactions second law of globalization (law of distance) -ANSWER International interactions are dampened by distance along cultural, administrative and geographical dimensions and are often affected by economic distance as well deeping -ANSWER An increase in the frequency and intensity of state and societal interactions when depth is low ...

International Business -ANSWER business activities that involve the transfer across nations- resources, goods, services, and information International Trade -ANSWER exchange of products/services across national borders. Typically through importing and exporting International Portfolio Investment (IPI) -ANSWER passive ownership of foreign securities (stocks and bonds) for the purpose of generating financial return Foreign Direct Investment (FDI) -ANSWER a firm invests directly in product...