Which view claims that the phenomenon of globalization was initially driven by the desire of Western
economies to exploit their power through multinational enterprise? - The new-force view
Economic gains come from international trade because one country's exported goods, services, or other
items...
Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through m ultinational enterprise? - ✔✔ The new -force view Economic gains come from international trade because one country's exported goods, services, or other items are unique, valuable, and difficult to duplicate to the importing countries. Which view does this statement portray? - ✔✔ Resource -based view What is the aggregation of importing and exporting that leads to the country -level trade surplus or deficit? - ✔✔ Balance of trade What is a cost of foreign direct investment? - ✔✔ Developing countries may be exploited by multinational enterprises (MNE). What may precious, rare, and hard -to-duplicate resources and capabilities lead to for a firm? - ✔✔ Sustained comparative advantage Which theory states that patterns of international trade change across new, maturing, and standardized states? - ✔✔ Product life cycle theory What is the financial environment in which exchange rates and payments for goods and services are conducted? - ✔✔ International monetary system What happens to a country's real exchange rate and nominal interest rate as the price level increases, assuming all other factors are unchanged? - ✔✔ Exchange rates depreciate; interest rates increase What is the easiest method nonfinancial companies use to handle currency fluctuations? - ✔✔ Currency diversification Which strategy minimizes the risk of unanticipated changes in future exchange rates? - ✔✔ Currency swap A company is looking for a location with an abundance of grou nd-breaking individuals, firms, and universities. Which type of strategic goal is this company demonstrating? - ✔✔ Innovation -seeking What advantage comes with not sharing benefits with late entrants? - ✔✔ First -mover advantage Which entry mode is a non -equity arrangement for a company entry into a foreign market? - ✔✔ Licensing What size commitment is required for a non -equity mode of entry into a foreign market? - ✔✔ Small commitment What are two supportive pillars for an informal institution? - ✔✔ Cogniti ve, Normative What is the key role of an institution, according to the institution -based view? - ✔✔ To reduce uncertainty What are the rules, enforcement mechanisms, and organizations that support market transactions? - ✔✔ Institutions What is a core proposition underpinning an institutional -based view of global business? - ✔✔ Bounded rationality In which type of political system do citizens elect representatives to govern the country on their behalf? - ✔✔ Democracy Which legal system us es comprehensive lists of rules and written codes? - ✔✔ Civil law What are the legal privileges associated with the use of economic property to obtain income and other benefits from its use? - ✔✔ Property rights
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