GEB Exam 3

AFTA Stands for the ____ Free Trade Area

ASEAN (Association of Southeast American Nations)

In 2020, greenfield investments in Southeast Asia ___ by ___ percent

fell; 20%

In 2020, FDI into Southeast Asia ___ by ___ percent

fell; 25%

According to Hall’s cultural spectrum, Southeast Asian culture is

high-context

Significant minority population from ____ can be found in countries around the region

India/China

The population of Southeast Asia is apprx

700 million

The top goods export of Burma/Myanmar is

textiles

All of the following are potential advantages to Burma/Myanmar as a potential foreign market

ideal location, strong growth potential, and abundant natural resources (NOT closure to FDI and tourism)

All of the following are advantages to Indonesia as a potential foreign market

a stable banking system, plentiful natural resources, favorable demographics (NOT a high old-age dependency ratio)

____ is considered a weakness of Indonesia as a foreign market

poor infrastructure

All of the following are considered risks of Malaysia as a foreign market

export dependency, high private business debt, high household debt (not internal pressures)

Malaysia’s top trading partner is

China

All of the following are advantages to the Phillippines as a potential foreign market

stable monetary policy, strong banking system, stable fiscal policy (not low remittance inflows)

All of the following are disadvantages to the Phillippines as a potential foreign market

the security environment, weak business environment, dependence on exports (not geographic location)

Singapore’s top goods export is

electrical machinery

Singapore is considered ____ risk for international business

low

Thailand’s top services export is

tourism

All of the following helped cause the 1997 Asian financial crisis

financial panic, bank and business debt, and increasing trade deficits (not significant capital outflows)

Vietnam’s top goods export is

telecom equipment

Which US President normalized trade relations with Vietnam

Clinton; 1990s

AFTA was established in

1993

When a firm engages in an acquisitions strategy it

buys another firm’s assets

About __ percent of Southeast Asia’s population lives in __ areas

75%; rural

What percent of Southeast Asia’s population lives in Indonesia

40%

Indonesia’s top trading partner is ___ and top goods export is…

China; coal

All of the following are considered advantages of Malaysia as a foreign market

ASEAN membership, stable banking sector, strong business environment (not high inflation)

Malaysia’s top trading partner is

All of the following are top exports from the Philippines

electrical appliances, BPO services, electrical machinery (not cars)

The Philippines is considered ____ risk for international business

medium

Singapore’s top goods export is

electrical machinery

An emerging market is defined as having

a faster-growing economy than high-income nations

Thailand is considered ____ risk for international business

medium

Which of the following countries was forced to unpeg its currency in the mid-1990s after investors began to distrust the abilities of its borrowers to repay foreign loans?

Thailand

Vietnam started reforming its economy in the

1980s

Which African economic initiative includes 15 West African members that promote regional economic cooperation?

ECOWAS (Economic Community of West African States)

According to the video *Let Africa Trade with Africa*, Africans pay up to _____ extra for goods because of ______.

40%; transportation costs

According to the SSA lecture, a(n) ______ could lift 40 million people out of poverty in Africa.

continent-wide free-trade agreement

The economy of sub-Saharan Africa depends largely on all of the following

oil, agriculture, and minerals (not manufacturing)

According to the SSA lecture, compared with the rest of the world, the decline in growth in the SSA was

less severe

According to the SSA lecture, accelerated _______ is/are needed to support the region's post-COVID economy.

vaccinations

The two main religions in SSA are

Christianity and Islam

________ is the most culturally diverse region in the world.

Subsaharan Africa SSA

Coca-Cola’s advertising strategy has been an international success because

it mixes brand recognition with an understanding of local markets

According to the RMPF lecture, to distribute its products successfully in SSA, Coca-Cola uses

local microdistributors

Nigeria's top export is

petroleum

Nigeria is considered _____ risk for international businesses.

sensitive

All of the following are considered advantages of Nigeria as a foreign market 

hyrdocarbon supply, natural gas reserves, Africa’s largest economy (not falling oil prices)

South Africa is considered _____ risk for international businesses.

sensitive

All of the following are considered risks of South Africa as a foreign market 

high poverty and income inequality, low productivity, large budget deficit (not over-investment in infrastructure)

South Africa joined the BRICS for the first time in

April 2011

According to the SSA lecture, Ethiopia's top export is

coffee and tea

According to the SSA PESTEL lecture, Ethiopia is considered _____ risk for international businesses.

sensitive

According to the SSA PESTEL lecture, all of the following are considered risks of Kenya as a foreign market

fiscal and current account deficits, corruption (not large population)

According to the SSA PESTEL lecture, Kenya's latest election was/will be in

August 2022

According to Freedom House, most SSA countries rated as "free" can be found in

Southern Africa

To which African economic organization does South Africa belong?

Southern African Development Community (SADC)

According to the SSA lecture, the country of ______ has made a concerted effort to expand its political and economic influence in Africa in recent years.

China

Which SSA economy lost the most growth during COVID

South Africa

Africa’s biggest oil exporter is

Nigeria

During COVID, Nigeria’s economic growth fell by almost ____

2%

South Africa’s first democratically elected president was

Nelson Mandela

The best way to describe South Africa’s growth since its transition to democracy in 1994 is

modest but steady

All of the following are considered risks of Ethiopia as a foreign market

its location on the continent, government deficits, human rights abuses (not lessening aid dependence)

Kenya’s top export is

coffee and tea

France previously colonized and controlled ______ in the MENA region.

Algeria, Morocco, and Tunisia

In what region does a history of conflict and political instability, as well as current unrest, increase the risk of doing business there?

Middle East

During 2011, uprisings in the Middle East occurred in

Egypt, Libya, and Tunisia

One of the main reasons it has been considered risky to conduct business in the Middle East is

the region’s history of conflict and political unrest

During COVID, GDP growth in the MENA region fell by almost _____ percent.

4%

Compared with trends pre-COVID, standard of living in the MENA region is expected to be

lower

In 2021, GDP growth in the MENA region increased by almost ____ percent.

4\.5%

According to the MENA lecture, the main language in the region is ______, though there are many different dialects.

Arabic

According to an infographic in the MENA lecture, ____ percent of countries in the region restrict the type of jobs women can do.

93%

In the MENA lecture, what personal product was used as an example of how religion affects marketing campaigns?

shampoo

According to the MENA lecture, all of the following are considered advantages of Egypt as a foreign market

geostrategic location, good foreign relations, diversified economy (dependence on tourism)

Egypt is considered _____ risk for international businesses.

sensitive

Israel exports the most to _______ and imports the most from _______.

US; China

Israel's top service export is

computer and information services

The stock market in Israel is known as the

TASE (tel aviv stock exchange)

All of the following are considered advantages of Saudi Arabia as a foreign market

oil supply, exchange rate system, relations with the US (not minimal foreign reserves)

Saudi Arabia exports the most to _______ and imports the most from _______.

China; China

All of the following are considered risks of Saudi Arabia as a foreign market 

oil dependence, high unemployment, regional conflict (not enduring regional stability)

The UAE's top goods export is

petroleum

The UAE is considered _____ risk for international businesses.

medium

In ____ and _____ civil war is ongoing.

Syria; Yemen

In what region does a history of conflict and political instability, as well as current unrest, increase the risk of doing business there?

Middle East

According to the MENA lecture, "the Three T's" strategy has been successful in all of the following places

Singapore, Dubai, Hong Kong (Trade, transport, and tourism)

In the MENA region, ______ percent of Muslims are ____.

85-90%; Sunni

An accurate way to describe culture in the MENA region is

high-context

The two main branches of Islam are

Sunni and Shia

Israel's top goods export is

minerals

All of the following are considered advantages of Israel as a foreign market

well-developed democracy, advanced high-tech industry, strong relations with the US (not low wages)

Saudi Arabia is considered _____ risk for international businesses.

low

All of the following are considered advantages of the UAE as a foreign market 

strong financial industry, natural resources, diversifying economy (not peaceful elections for the head of state)

The ______ has removed tariffs on about 90% of members' merchandise trade.

Pacific Alliance

Which two countries are the core members of MERCOSUR?

Aregentina and Brazil

_____ is seen as more free-market leaning, while _____ is more statist.

The Pacific Alliance; MERCOSUR

Most countries in Latin America gained independence in the ____ century.

19th century

During COVID, Latin America's GDP fell almost ___ percent.

7%

____ and _____ have the two highest rates of inflation in Latin America.

Venezuela; Argentina