business

When NAFTA was first introduced, what was the biggest argument opponents presented?

U.S. firms would move manufacturing to Mexico and feel free to pollute the air and employ child labor.

Global institutions are needed to _____.

stabilize and monitor the global marketplace

There have been two notable trends in the demographics of multinational enterprises since the 1960s. These include _____.

the rise of non-U.S. multinationals the growth of mini-multinationals

Foreign direct investment occurs when a(n)

investment is made by a company based in one country into a company or entity based in another cou

As the barriers to the free flow of goods, services, and capital fell during the 1970s, one motivation for foreign direct investment by non-U.S. firms was the desire to

move production activities to more desirable locations.

A(n) ______ is any entity that conducts business in at least two countries.

multinational enterprise

The opponents of globalization argue that falling barriers to international trade will Multiple choice question.

eliminate manufacturing jobs in wealthy economies.

Influential economists, politicians, and business leaders who favor globalization argue that

falling barriers to international trade drive the economy toward greater prosperity

A U.S.-based shoe company has decided to invest in a British company that specializes in clasps and buckles. This would be an example of

foreign direct investment.

The International Monetary Fund and the World Bank are both examples of _____ that help govern the global business system. Multiple choice question.

global institutions

According to the critics of globalization, what are two results from falling trade barriers?

A depression of wages in developed nations The destruction of manufacturing jobs in advanced economies

Select the four facts that described the demographics of the global economy up until the 1960s.

U.S. dominance in world foreign direct investment U.S. dominance in the world economy and world trade The dominance of large, multinational U.S. firms in the international business scene Roughly half of the globe was off-limits to Western international business

The decline of the United States standing in industrial power since the 1960s, is considered a relative decline because it is a reflection of Multiple choice question.

a significant drop in forward exchange rates

Critics of globalization point out that free trade

allows firms to abuse the weak labor and environmental laws in developing countries

According to critics of globalization, increased free trade and investment over the past few decades have

broadened the gap between the rich and poor nations.