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chapter 6

global market channels involve a firm producing goods in
their home country and exporting them to other countries

a firm that has global operations has
some or all of their manufacturing or service operations aboard

a firm that would liketo develop a global supply chain would
purchase raw materials, components, or supplies from sellers in other country

the three strategies of globalization can be summarized using what three words
sell, make, and buy

technology innovation has aided the spread of globalization by
leveling the playing field allowing all to participate on an equal footing in global commerce

an example of international financial and trade institution is
wb, international monetary fund, and wto

representations of the world bank’s board of directors is based on
the size of member nation’s economy

the loan policy of the world bank
impose strict restrictions on debtor countries which can sometimes lead to harship

the primary purpose of the world trade organization is
eliminate barriers to free trade among nations

an individual who is a supporter of globalization would argue that it helps the developing world by
all of the above

what U.S. company is the best example of using globalization to reduce the price of its products
Walmart

A critic of globalization might argue that companies decide to manufacture in china mainly because of china’s:
weak health and safety regulations

the term “race to the bottom” refer to:
moving production jobs to the country with lowest labor cost

single party rule by communist parties still remain in
Vietnam

the society where economic power is concentrated in the hand of government officials and political authorities is called
a central state control system

the richest 1% of the people in the world receives as much income annually as
poorest 57%

expert attribute the growth of nongovernmental organization to
greater openness in many societies

government has distinctive resources
knowledge of public policy, ability to enforce the rules revenue from tax

an example of a global Action Network, or GAN, is
the Kimberley Process

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