Exam (elaborations)
C211 OA graded A+ 100% verified
- Course
- Institution
C211 OA graded A+ 100% verified
[Show more]
Content preview
C211OA
view
that
claims
phenomenon
of
globalization
was
initially
driven
by
the
desire
of
Western
economies
to
exploit
their
power
through
MNE's
-
ansnew
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
-
ansevolutionary
view
that
claims
globalization
is
swinging
from
one
extreme
to
another
from
time
to
time
-
anspendulum
investment
in,
controlling,
and
managing
value-added
activities
in
other
countries
-
ansforeign
direct
investment
political
view
hostile
to
FDI.
believes
it
is
an
instrument
of
imperialism
and
vehicle
for
exploitation
of
domestic
resources
by
foreign
capitalists
and
firms
-
ansradical
suggests
that
FDI,
unrestricted
by
government
intervention,
will
enable
countries
to
tap
into
their
absolute
or
comparative
advantages
by
specializing
in
the
production
of
certain
goods
and
services
-
ansfree
market
views
FDI
as
having
pros
and
cons
and
only
approving
FDI
when
its
benefits
outweigh
costs
-
anspragmatic
nationalis
what
benefits
exist
to
a
country
receiving
FDI?
-
anscapital
inflow,
technology
spillovers,
advanced
management
know-how,
creates
jobs
what
costs
exist
to
a
country
receiving
FDI?
-
ansloss
of
sovereignty,
adverse
effects
on
competition,
net
outflow
in
the
capital
account
The
aggregation
of
importing
and
exporting
that
leads
to
the
country-level
trade
surplus
or
deficit.
-
ansbalance
of
trade
firms
with
a
_____
degree
of
resource
similarity
are
likely
to
have
similar
competitive
actions
-
anshigh
a
high
degree
of
resource
similarity
but
low
market
commonality
=
_______
intensity
of
rivalry
-
anshighest
little
resource
similarity
but
high
market
commonality
=
_____
intensity
of
rivalry
-
anslowest
mercantilism,
absolute
advantage
and
comparative
advantage
belong
to
what
theory
of
international
trade
-
ansclassical theory
of
international
trade
that
relies
on
more
realistic
product
life
cycles
and
first
mover
advantages
-
ansmodern
under
free
trade,
a
nation
gains
by
specializing
in
economic
activities
in
which
it
has
_____advantage
-
ansabsolute
focuses
on
the
idea
that
if
a
country
does
not
have
absolute
advantage,
they
can
still
choose
to
specialize
in
the
production
of
one
good
where
it
has
______
advantage
-
anscomparative
comparative
advantage
and
absolute
advantage
stem
from
-
ansfactor
endowments
theory
that
the
wealth
of
the
world
is
fixed
and
that
a
nation
that
imports
more
and
exports
less
will
be
richer
-
ansmercantilism
stage
of
the
product
life
cycle
where
production
of
a
new
product
that
commands
a
price
premium
will
concentrate
in
the
US
-
ansnew
stage
of
the
product
life
cycle
where
demand
and
ability
to
produce
grow
in
other
developed
nations
-
ansmaturing
stage
of
the
product
life
cycle
where
the
previously
new
product
is
commoditized
and
production
will
now
move
to
low-cost
developing
nations
-
ansstandardized
comparative
advantage
may
change
over
time
because
patterns
of
______
change
over
time
-
anstrade
theory
that
suggests
that
intervention
by
governments
in
certain
industries
can
enhance
their
odds
for
international
success
-
ansstrategic
trade
if
a
company
seeks
to
limit
foreign
exchange
rate
exposure
in
the
forward
direction,
what
is
the
most
effective
way
to
do
this?
-
anscurrency
hedging
exchange
rate
risk
associating
with
the
time
delay
between
entering
a
contract
and
settling
it
-
anstransaction
risk
forward
transaction
that
protects
traders
and
investors
from
exposure
to
fluctuations
of
the
spot
rate
-
anshedging
a
means
of
spreading
out
activities
in
different
currency
zones
in
order
to
offset
the
currency
losses
in
certain
regions
through
gains
in
other
regions
-
ansstrategic
heding
amount
of
resources
committed
to
entering
a
foreign
market
-
ansscale
of
entry
how
do
institutions
reduce
uncertainty?
-
ansby
signaling
which
conduct
is
legit
and
which
is
not
pillar
of
formal
institution,
coercive
power
of
government
-
ansregulatory
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AllLegit. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81531 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now