Fvc1 global business wgu Study guides, Class notes & Summaries

Globalization - the process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies How do major international institutions facilitate globalization? - help transmit information, enforce contracts/property rights, promote market competition Why is it important for political leaders and institutions to be transparent in responding to global competition? - social unrest leading to political instability, ineffect...

WGU Global Business FVC1 V2 and D080 Module 1-4 (Questions & Answers)

Globalization - International integration that occurs from interchange of world views, products, ideas, and other aspects of culture. Globalization Opportunities - *demand for new products *lower labor cost *less expensive natural resources *operate internationally to increase revenue and lower cost. Economic Effect on Globalization - *widespread international movement of goods, capital resources, services, information, etc. *countries are increasingly interdependent by border-crossing...

Creation of isolationist policies - Which negative outcome on political systems comes from globalization? Reduced trade barriers - Which factor results in a higher rate of globalization? Culture, administration, geography, economy - What are the four factors in Ghemawat's CAGE analysis? Loss of manufacturing jobs - What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? The globalization process is at a disadvantage a...

Which of the following is a characteristic of globalization? - Culture How do major international institutions facilitate globalization? - By creating an international monetary system What do countries with politicians that sustain transparency in global competition tend to have? - A competitive market structures. What helps make globalization sustainable? - Transparency in government policy What do property rights enable buyers and sellers to do? - Conduct transactions with a high degree...

Globalization encompasses the socio-economic reform process of eliminating trade, investment, cultural, information technology, and political barriers across countries, which could lead to increased economic growth and geo-political integration and interdependence among nations of the world. a. True b. False correct answer: Ch. 1 - True Globalization has always been and always will remain another word for "Westernization." a. True b. False correct answer: Ch. 1 - False Today,...

Globalization correct answer: International integration that occurs from interchange of world views, products, ideas, and other aspects of culture. Globalization Opportunities correct answer: *demand for new products *lower labor cost *less expensive natural resources *operate internationally to increase revenue and lower cost. Economic Effect on Globalization correct answer: *widespread international movement of goods, capital resources, services, information, etc. *countries are i...

Ch 1: What are the characteristics of globalization correct answer: Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force. *People are interacting across borders. *Lower barriers to trade, expansion of technology, decoupling - trade is happening among lesser developed countries. Emerging markets trading with each other. INTERDEPENDENCE (financial) Ch 1: How do major international institutions facilitate globalization? correct answer:...