Economics Study guides, Class notes & Summaries

What are the three views of globalization? - answer-New, Evolutionary and Pendulum What is foreign direct investment (FDI) - answer-FDI is direct investment in, control, and management of value-added activieies in other countries. FDI=Stocks/Bonds What different political vies exist on FDI? - answer-Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI> - answer-Capital inflow, Technology, management, job creation What costs exist to a co...

Base of the pyramid (BOP) - answer-Economies where people make less than $2,000 per capita per year Approx 5 billion people second tier - answer-per capita GDP/GNI $ approx 1 billion people top tier - answer-per capita GDP/GNI > $20000 approx 1 billion people BRIC - answer-Brazil, Russia, India, and China. Emerging economies - answer-term that has gradually replaced the term "developing countries" since the 1990s. mid-range emerging economies (india) - answer-strong inst...

C 211 Global Economics for Managers WGU Pre Assessment and Retake Sections if you failed the OA.

What are the three views of globalization? - answer-New, Evolutionary and Pendulum What is foreign direct investment (FDI) - answer-FDI is direct investment in, control, and management of value-added activieies in other countries. FDI=Stocks/Bonds What different political vies exist on FDI? - answer-Radical, Free Market, and Pragramatic Nationalism What benefits exist to a country receiving FDI> - answer-Capital inflow, Technology, management, job creation What costs exist to a co...

The 3 Views on Globalization - answer-New, Evolutionary, and Pendulum "New" view on globalization - answer-A force sweeping through the world in recent times. "Evolutionary" view on globalization - answer-A long-run historical evolution since the dawn of human history "Pendulum" view on globalization - answer-One that swings from one extreme to another from time to time Foreign Direct Investment (FDI) - answer-A purchase of an interest in a company by a company or an investor l...

Foreign Direct Investment (FDI) - answer-Investment in, controlling, and managing value-added activities in other countries. Mercantilism/Theory of Mercantilism - answer-A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer. Strategic Trade Policy - answer-Government policy that provides companies a strategic advantage in international trade through subsidies and other supports. Transaction Risk - answer-It's th...

Base of the pyramid (BOP) - answer-Economies where people make less than $2,000 per capita per year. BRICA - answer-Brazil, Russia, India, and China. Emerging economies - answer-term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - answer-A term that is often used interchangeably with "emerging economies." Expatriate manager - answer-A manager who works abroad, or "expat" for short. Foreign direct investment (FDI) - answer-Inves...

Globalization - answer-The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) - answer-A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning - answer-A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management - answer-The identification and assessment of risks and the preparation to minimize the impact of high-risk , unfortunate events. ...

WGU C211 - Global Economics for Managers - PA Review

Views on Globalization - answer-New, Evolutionary, and Pendulum "New" view on globalization - answer-A force sweeping through the world in recent times. "Evolutionary" view on globalization - answer-A long-run historical evolution since the dawn of human history "Pendulum" view on globalization - answer-One that swings from one extreme to another from time to time Foreign Direct Investment - answer-Direct investment in, control, and management of value-added activities in other...