Chapter 1

Which example refers to a country's transition from being a source of inexpensive labor to growing hotbeds of innovation in diverse fields, such as telecommunications, automobile manufacturing, biotechnology, and health care?

• globalization

• multipolar world

• emerging economies

• decoupling

PricewaterhouseCoopers (PwC), one of the four largest global auditing firms, compares the current ranking of the top ten economies to the anticipated top 10 economies of 2050. PwC anticipates a shift in the global balance of power, especially economic and business power. What countries is it anticipating being the top three countries in the world based on the gross domestic product (GDP)?

• United States

• Africa

• China

• India

What are the three important institutions that will continue to guide the future direction of globalization?

• International Monetary Fund

• World Bank

• World Trade Organization

• World Trade Alliance

To provide instant access to market information and government programs to remote villagers, with Internet prices falling, governments in emerging economies are facilitating the spread of what resource to rural towns?

• Television

• AI

• Social Media

• Broadband

What is a significant factor in determining where multinational corporations conduct business according to a survey by the World Bank?

• Corporate Social Responsibility

• sustainable development

• job loss and income stagnation

• socioeconomic development