The State Flashcards
What was the Washington consensus
The idea that the state was the problem and the solution was a lais fair market
What is the difference between a nation and a state
A state is a sovereign institution with externally recognized monopoly on violence and taxation while a nation is an identity/ idea of belonging
What are the four dimensions of culture
Individualism, power distance, uncertainty avoidance and fem vs masc
What are the seven dimensions of culture
Conservatism, intellectual autonomy, affective autonomy, hierarchy, egalitarianism, mastery and harmony
Name some different types of capitalism
neo-liberal (shareholder profit at all cost), social market capitalism (bank-centered stakeholder social partnership), developmental (state coordinated although not controlled) and authoritarian (state controls what it want and lets the market do the rest)
What are porters 4 factors of national competativeness
Firm strategy & structure, demand conditions, factor conditions (resources) as well as related and supporting industries
Attempts to regulate FDI internationally has not been successful
True
Some countries dont give artificiall advanges to their internall firms
False, virtually all governments at least support firms with RnD investments
Has an import substitution or export oriented developement strategy been most successful recently
Export oriented
What is an EPZ
An export processing zone f.ex special economic zone. A place where special incentives are created for businesses to develop
What is RTA
Regional trade agreement, the WTO identifies all preferential trade agreements as RTA’s
What are the three global shifts in the state ofrder
a shift from dependence to diversification, from efficiency to security and form globalization to rationalization
What are the six strategies for making supply chains more resilient
Multisourcing, nearshoaring, harmonization, network diversification, inventory and capacity buffers as well as ecosystem partnerships
What does it mean to regionalize your supply chain
To set up independent facielities in different regions of the world, one plant in asia one plant in europe and so on
Workers with less education in low-wage jobs are more likely to be impacted by automation (especially women)
True, nearly three in five jobs face a high risk of automation
What is the smile curve
The value attributed to different activities in a products prouction life cycle where design, development and marketing are much more compensated then the actual processing and distribution
Is there a trend of economic focuse moving east
Yes
What are tertiary industries
Business services such as financing, banking, education and retail
What are the key roles of a nation-state (or just a state)
As containers of cultures, regulators and colaborators of businesses
China and India are more restrictive then the OECD average when it comes to FDI
True but they become more open
What can a firm do to mitigate the risk of expropriation
Withdraw or seek legual action
What can a TNC do to mitigate the risk of nationalist bias
Invest in PR and cooperate with local firms
What can a firm do to mitigate the risk of increased taxes
reasess profitability
What can a firm do to mitigate the risk of violence and war
dual source, back up data and seek insurance
