chapter 6

single party rule by communist parties still remain in

Vietnam

the three strategies of globalization can be summarized using what three words

sell, make, and buy

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

Walmart

technology innovation has aided the spread of globalization by

leveling the playing field allowing all to participate on an equal footing in global commerce

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

poorest 57%

a firm that would liketo develop a global supply chain would

purchase raw materials, components, or supplies from sellers in other country

a firm that has global operations has

some or all of their manufacturing or service operations aboard

an example of a global Action Network, or GAN, is

the Kimberley Process

representations of the world bank's board of directors is based on

the size of member nation's economy

global market channels involve a firm producing goods in

their home country and exporting them to other countries

an example of international financial and trade institution is

wb, international monetary fund, and wto

A critic of globalization might argue that companies decide to manufacture in china mainly because of china's:

weak health and safety regulations

the society where economic power is concentrated in the hand of government officials and political authorities is called

a central state control system

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

all of the above

the primary purpose of the world trade organization is

eliminate barriers to free trade among nations

expert attribute the growth of nongovernmental organization to

greater openness in many societies

the loan policy of the world bank

impose strict restrictions on debtor countries which can sometimes lead to harship

government has distinctive resources

knowledge of public policy, ability to enforce the rules revenue from tax

the term "race to the bottom" refer to:

moving production jobs to the country with lowest labor cost