WGU C211 EXAM PACK

Views of globalization (Chp 1.4) 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking Location specific adva...

Foreign Direct Investment (FDI) Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. ...

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? The new force view Economic gains come from international trade because one country's exported goods, services or other it...

Base of the pyramid (BOP) Economies where people make less than $2,000 per capita per year. BRICA Brazil, Russia, India, and China. 00:02 01:22 Emerging economies term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets A...

view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist e...

Explain the New, Evolutionary, and Pendulum views of Globalization. How do these differ from one another? "New" view on globalization - A force sweeping through the world in recent times. "Evolutionary" view on globalization - A long-run historical evolution since the dawn of human history. ...

Globalization The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning A technique to prepare and plan for multiple sc...