view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's Correct Answer new

view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist Correct Answer evolutionary

view that claims globalization is swinging from one extreme to another from time to time Correct Answer pendulum

investment in, controlling, and managing value-added activities in other countries Correct Answer foreign direct investment

political view hostile to FDI. believes it is an instrument of imperialism and vehicle for exploitation of domestic resources by foreign capitalists and firms Correct Answer radical

suggests that FDI, unrestricted by government intervention, will enable countries to tap into their absolute or comparative advantages by specializing in the production of certain goods and services Correct Answer free market

views FDI as having pros and cons and only approving FDI when its benefits outweigh costs Correct Answer pragmatic nationalism

what benefits exist to a country receiving FDI? Correct Answer capital inflow, technology spillovers, advanced management know-how, creates jobs

what costs exist to a country receiving FDI? Correct Answer loss of sovereignty, adverse effects on competition, net outflow in the capital account

The aggregation of importing and exporting that leads to the country-level trade surplus or deficit. Correct Answer balance of trade

firms with a _____ degree of resource similarity are likely to have similar competitive actions Correct Answer high

a high degree of resource similarity but low market commonality = _______ intensity of rivalry Correct Answer highest

little resource similarity but high market commonality = _____ intensity of rivalry Correct Answer lowest

mercantilism, absolute advantage and comparative advantage belong to what theory of international trade Correct Answer classical

theory of international trade that relies on more realistic product life cycles and first mover advantages Correct Answer modern