Globalization

Question 1

to designate an overview of the human experience in education

Answer 1

Globalization

Question 2

the extensiveness, intensiveness, velocity, and impact of cultural flows

Answer 2

cultural globalization

Question 3

dominance of one culture over others

Answer 3

cultural imperialism

Question 4

5 CORE CLAIMS OF MARKET GLOBALISM: it is about the liberalization and global integration of market.

Answer 4

True

Question 5

5 CORE CLAIMS OF MARKET GLOBALISM: it is inevitable and irreversible.

Answer 5

True

Question 6

5 CORE CLAIMS OF MARKET GLOBALISM: Nobody is in charge

Answer 6

True

Question 7

5 CORE CLAIMS OF MARKET GLOBALISM: benefits everyone

Answer 7

True

Question 8

5 CORE CLAIMS OF MARKET GLOBALISM: it furthers the spread of democracy in the world

Answer 8

True

Question 9

In the 11th century, the long distance trading flourished between Venice and the Netherlands.

Answer 9

1

Question 10

The wool industry in the 13th century in Flanders and in 14th century in Florence can also be an example of a sustained economic growth throughout history.

Answer 10

2

Question 11

Those global changes have contributed much to the economy of the world.

Answer 11

3

Question 12

There was the birth of capitalism.

Answer 12

4

Question 13

levels of analysis: transactional environment

Answer 13

Meso level

Question 14

levels of analysis: organization

Answer 14

Micro level

Question 15

levels of analysis: contextual environment

Answer 15

Macro level

Question 16

levels of analysis: clients, interest groups, suppliers, competitors, media, regulatory orgs

Answer 16

Meso level

Question 17

levels of analysis: socio-cultural, technological, contexts

Answer 17

Macro level

Question 18

levels of analysis: includes the international organizations and regimes that establish rules and norms for the global community.

Answer 18

Macro level

Question 19

corporations: produce or deliver services in more than one country, usually with its management in one country, its home country

Answer 19

multinational corporations (MNC)

Question 20

corporations: does not identify itself with one national home

Answer 20

transnational corporation (TNC)

Question 21

phase: began about 1830 and peaked around 1880.International commerce became widespread in this period due to the growth of railroads, efficient ocean transport, and the rise of large manufacturing and trading companies.

Answer 21

first phase

Question 22

phase: began in the early 1980s.This period witnessed enormous growth in cross-border trade and investment activity.

Answer 22

fourth phase

Question 23

phase: At war’s end in 1945, substantial pent-up demand existed for consumer products, as well as for input goods to rebuild Europe and Japan. Among the leading economies, the U.S. was least harmed by the war and became the world’s dominant economy. Substantial government aid helped stimulate economic activity in Europe.

Answer 23

third phase

Question 24

phase: began around 1900 and was caused by the rise of electricity and steel production. The phase reached its height just before the Great Depression, a worldwide economic downturn that started in 1929.

Answer 24

second phase

Question 25

structural period: (1950-1970)

Answer 25

Investment-based globalization

Question 26

structural period: (1970-1995)

Answer 26

Trade-based globalization

Question 27

structural period: 1995 onwards

Answer 27

Digital globalization

Question 28

phase: The inventions of the telegraph and telephone in the 1800s facilitated information flows between and within nations and greatly aided early efforts to manage companies’ supply chains.

Answer 28

First phase

Question 29

phase: International Business: Strategy, Management, and the New Realities

Answer 29

first phase

Question 30

phase: At the turn-of-the-century, Western Europe was the most industrialized region and its colonization of countries worldwide led to the establishment of some of the earliest subsidiaries of multinational firms.

Answer 30

second phase

Question 31

phase: European companies such as BASF, British Petroleum, Nestlé, Shell, and Siemens had established foreign manufacturing plants by 1900.

Answer 31

second phase

Question 32

phase: Commonplace were high tariffs, other trade barriers, with strict controls on currency and capital movements. Several industrialized countries, including Australia, the United States and the United Kingdom systematically sought to reduce international trade barriers.

Answer 32

third place

Question 33

phase: The result of this effort was the General Agreement on Tariffs and Trade (GATT) – the precursor to the World Trade Organization (WTO)

Answer 33

third phase

Question 34

phase: The following innovations caused this phase: a. Commercialization of the personal computer. b. Arrival of the Internet and the web browser. c. Advances in communication and manufacturing technologies. d. Collapse of the Soviet Union and ensuing market liberalization in central and Eastern Europe. e. Substantial industrialization and modernization efforts of the East Asian economies including China.

Answer 34

fourth phase

Question 35

when a company owns another company in a different country

Answer 35

Foreign Direct Investment (FDI)