W2P1 (article): Project Syndicate - Reimagining Global Integration by Olivia White Flashcards
What is now the primary driver of global integration?
a) Manufactured goods
b) Resources and capital
c) Knowledge, intellectual property, services, and talent
d) Military power
C
By how much did trade in services, intellectual property, and education grow compared to trade in goods between 2010 and 2019?
a) Half as fast
b) Twice as fast
c) Three times as fast
d) The same rate
B
What is the annual growth rate of cross-border data flows?
a) 15%
b) 30%
c) 45%
d) 60%
C
In which industry are 40% of high-skill researchers in the U.S. foreign-born?
a) Pharmaceuticals
b) Automotive
c) Semiconductors
d) Aerospace
C
What is the main role of multinational corporations in global trade?
a) They create new local jobs
b) They help reduce trade
c) They dominate knowledge-based industries
d) They mostly sell food and drinks
C
Which industry uses decentralized data from leading pharmaceutical companies to predict molecule behavior in drug discovery?
a) BioPharmaNet
b) MELLODDY
c) PharmaDataX
d) IntelliPharma
B
Which factor is NOT listed as a primary aspect of the evolving global integration?
a) Knowledge
b) Intellectual property
c) Trade in manufactured goods
d) Services
C
What is one benefit of investing in intangible assets for multinational corporations?
a) Higher taxes
b) Larger economies of scale
c) More reliance on manufacturing
d) Increased dependence on local talent
B
Which of the following was identified as a key driver of growth for companies facing geopolitical uncertainty?
a) Investment in physical goods
b) Focus on regional trade
c) Investment in intangibles
d) Reduction in services trade
C
What type of trade barriers are much higher for services compared to goods?
a) Tariffs
b) Non-tariff barriers
c) Digital regulations
d) Geopolitical restrictions
B
What is driving the shift to global integration?
a) Greater manufacturing output
b) Increased cross-border cooperation in R&D
c) A return to local production
d) Stronger national policies
B
What is MELLODDY?
a) A biotech company
b) A pharmaceutical research partnership
c) A public-private partnership for drug discovery
d) An artificial intelligence startup
C
What has replaced manufactured goods as the primary drivers of global integration according to McKinsey?
A) Physical goods and resources
B) Data, intellectual property, services, and talent
C) Agricultural products
D) Machinery and electronics
B
Which sector has seen a significant increase in offshore research and development (R&D) activities?
A) Retail
B) Automotive
C) Construction
D) Hospitality
B
Which type of services are growing most rapidly in the trade of knowledge-intensive categories?
A) Hospitality and tourism services
B) Financial and legal services
C) Professional, government, IT, and telecommunications services
D) Retail and wholesale services
C
