According to globalization opponents, which of the following has increased in wealthy advanced economies as a result of globalization?
a. unemployment
b. price of goods and services
c. demand for unskilled workers
d. standard of living
Which of the following is a pressure driving the internationalization of business?
a. increased travel
b. rapid and extensive global communication
c. migration of large numbers of people
d. all of the above
Which of the following is not a question to ask before going global?
A. Is your company’s infrastructure able to handle international activities?
B. Have you or your employees lived in other cultures for a long time?
C. Will you need to adapt your product?
D. Do you or your employees speak other languages?
E. Is your company a start-up?
Which of the following is true regarding the third wave of globalization and sets it apart from the previous two waves?
a. Increases in the speed and capacity of transportation played a major role
b. Significant growth occurred in developing economies
c. Global political cooperation played a significant role
d. Countries specialized in manufacturing specific products
Which of the following has accelerated the globalization of financial markets?
a. an expansion of protectionism practices
b. the reduction of government regulations
c. the movement toward fixed exchange rates
d. a decrease in foreign access to domestic markets
Which of the following is true regarding the third wave of globalization and sets it apart from the previous two waves?
a. Increases in the speed and capacity of transportation played a major role
b. Significant growth occurred in developing economies
c. Global political cooperation played a significant role
d. Countries specialized in manufacturing specific products
