Economic Globalization

Question 1

It refers to the expanding interdependence of word economies

Answer 1

Economic Globalization

Question 2

According to him, the growing scale of economic globalization attributes from cross border trade commodities and services, flow of international capital, and wide and rapid spread of technology

Answer 2

Shangquan(2000)

Question 3

It can be illustrated by the country’s trading partnerships with other countries

Answer 3

Cross border trading

Question 4

A type of investment in which a company establishes a business in another country for production of goods or services and still takes part in the management of that business.

Answer 4

foreign direct investments

Question 5

It is a key driver of economic growth of countries and allows for more efficient production of better goods and services

Answer 5

Widespread of technology/ technological progress

Question 6

4 interconnected dimensions of economy

Answer 6

1. Globalization of Trade of Goods and Services
2. Globalization of Financial and capital market
3. Globalization of technology and communication
4. Globalization of production

Question 7

Economic connectedness is demonstrated in the establishment of ___ which was established in ___ to “ ensure that trade flows as smoothly, predictablym and freely as possible”.

Answer 7

1. Worl trade organization
2. 1995

Question 8

1. The country that is a major supplier and exporter of manufactured goods.
2. Increases the number of___ companies in the Philippines

Answer 8

1. China
2. Business processing outsourcing

Question 9

It involves companies that trade on the stock exchange of their home country and also on a stock exchange in another country

Answer 9

Cross border listing

Question 10

Various transaction and interactions transpire instantly due to the ____ and _____

Answer 10

1 Internet
2. communication technology

Question 11

This is best illustrated by the existance of multinational corporations

Answer 11

Globalization of production

Question 12

Agents of economic globalization: that acts as mediator between the effects of globalization and national economy.

Answer 12

The nation state

Question 13

he called the government as the “midwives” of globalization

Answer 13

Brodie 1996

Question 14

He said that such companies that expand outside thier home country are the driving force of economic globalization, accounting for 2/3 (two thirds) of world export

Answer 14

Gereffi 2005

Question 15

He identified the difference among international, multinational, transnational and global companies

Answer 15

Iwan 2012

Question 16

importers and exports with no investment outside their home countries, i.e., Any small local business who may purchase materials from, or sell products to, other countries

Answer 16

International companies

Question 17

they have investments in other countries but do not have coordinated products offering in each country. Depend on local taste

Answer 17

Multinational companies

Question 18

they have investments and are present in many other countries. however, central headquarters drives the business

Answer 18

Global companies

Question 19

describes a business with heavy operations in multiple nations. Each local brand has its own decision making power

Answer 19

Transnational companies

Question 20

Many businesses operates as a combination of global corporation. This can often make a company’s global strategy unclear to employees and costumers

Answer 20

Crossover between companies