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    Chapter 2 Globalization of Markets and The Internationalization of The Firm

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    ahmed hassan
    International Business: The New Realities, 4e (Cavusgil) Chapter 2 Introduction: What Is International Business?

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    Chapter 2 Globalization of Markets and The Internationalization of The Firm

    Uploaded by

    ahmed hassan
    80 views2 pages
    International Business: The New Realities, 4e (Cavusgil) Chapter 2 Introduction: What Is International Business?

    Original Title

    Chapter 2 (1)

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    International Business: The New Realities, 4e (Cavusgil) Chapter 2 Introduction: What Is International Business?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    80 views2 pages

    Chapter 2 Globalization of Markets and The Internationalization of The Firm

    Uploaded by

    ahmed hassan
    International Business: The New Realities, 4e (Cavusgil) Chapter 2 Introduction: What Is International Business?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Chapter 2 Globalization of Markets and the Internationalization of the Firm

    1) Which of the following is characteristic of globalization of markets?


    A) lack of skilled labor
    B) conservatism
    C) declining trade barriers
    D) diminishing gap between the rich and the poor

    2) The first phase of globalization was characterized by the ________.


    A) rise of steel production
    B) rise of SMEs
    C) dominance of MNEs in the agricultural industry
    D) growth of railroads

    3) The ________ phase of globalization began around 1900 and was associated with the rise of
    electricity and steel production.
    A) first
    B) second
    C) third
    D) fourth

    4) The third phase of globalization was triggered by ________.


    A) the end of World War II
    B) the invention of electricity
    C) the end of World War I
    D) the Great Depression

    5) Which of the following reflects the major contribution of GATT to globalization?


    A) It instituted strict controls on international currencies.
    B) It simplified patent and copyright laws.
    C) It reduced barriers to international trade and investment.
    D) It eliminated the divide between the rich and the poor.

    6) The fourth phase of globalization is characterized by ________.


    A) the rise of railroads and ocean transport
    B) the reduction of barriers to trade by Western industrialized countries
    C) the initiation of the Marshall Plan to reconstruct Europe
    D) the enormous growth of cross-border trade and investment

    1- How has the adoption of free markets worldwide served as a driver of market
    globalization? Provide three examples to support your answer.

    2- Describe the fourth phase of globalization. What is contagion?

    3- Describe the role of GATT and the WTO in reducing barriers to trade and investment
    worldwide, and explain how this reduction has led to the integration and interdependence
    of national economies.

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