Global Business Study Guide

Global Business Study Guide

In order to use this study guide effectively, answer the following questions for each competency (chapter):

Competency 3004.1.1: The Rise of Globalization (Chapter 1)

1. What are the characteristics of globalization? Social, Political, Economic and cultural

2. How do major international institutions facilitate globalization? Through the International Monetary Fund, the World Bank and World Trade Organization

3. Why is it important for political leaders and institutions to be transparent in responding to global competition? To convince their constituents that while globalization does create “winners” and “losers,” appropriate policies will be in place to retrain and uplift the downtrodden

4. What are key policy measures that make globalization sustainable? Good governance, competitive markets, property rights and anticorruption.

5. What are ways that technology bridges the global digital divide? Which the Internet and wireless telecommunications are by far the most publicly visible form, are changing the relative competitiveness of nations as access to those technologies spreads rapidly around the globe.

6. What is the rationale of specific anti-globalization arguments?

Competency 3004.1.2: The Evolution of International Business (Chapter 2)

1. What are the benefits of trade?

2. What are the benefits of foreign investment?

3. What are the major international trade theories and what are key features of each one?

4. What is the impact of trade policy on various stakeholders such as businesses, consumers, and governments?

5. What is the rationale for managing trade?

Competency 3004.1.3: Regional Economic Integration (Chapter 3)

1. What are the costs of regional economic integration?

2. What are key aspects of economic geography?

3. What are the reasons why countries pursue regional integration?

4. What are the characteristics of each regional integration bloc?...