Globalizing Business Lecture Notes

Flashcards focusing on key concepts and terminology from the Globalizing Business lecture.

Global business refers to __ around the globe.

business within and across various economies

A firm that engages in foreign direct investment is known as a __.

multinational enterprise (MNE) or multinational corporation (MNC)

Foreign direct investment (FDI) refers to __ in other countries.

investment in, controlling, and managing value-added activities

The 2018 Fortune Global 500 list contributed of revenues and of profits to the global economy in 2017.

$30 trillion; $1.9 trillion

China had __ companies on Fortune's largest companies list, the most of any nation.

136

Globalization has led to greater __, __, political, and technological interdependence among national institutions and economies.

economic; cultural

Economic globalization is measured by and flows, along with trade barriers.

trade; investment

The 'base of the pyramid' refers to economies where people make less than __ per capita per year.

$2,000

Semiglobalization suggests that barriers to market integration are __, but not enough to insulate countries completely.

high

The concept of __ emphasizes that globalization could be a new force, a historical evolution, or a pendulum that swings from one extreme to another.

three views on globalization

The term __ has gradually replaced 'developing country' since the 1990s.

emerging economies (EEs)