MBS INT BUS S2 Globalization and its Impact on Int Business

What is the key concept of globalization?

• Reducing international cooperation

• Increasing interconnectedness of countries through trade and investment

• Isolating domestic markets

What has been a key driver of globalization?

• Decreasing demand for technology

• Advancements in technology like the internet

• Increasing local labor costs

How do multinational corporations contribute to globalization?

• By focusing on local markets

• By limiting cross-border activities

• By accelerating cross-border business activities

What is a major benefit of globalization for businesses?

• Restricting access to new markets

• Limiting product variety

• Expanding internationally to boost economic growth

How does globalization impact competition?

• It reduces the need for innovation

• It increases competition, improving product quality and lowering prices

• It eliminates competition between companies

What is a positive outcome of Foreign Direct Investment (FDI)?

• Decreasing employment opportunities

• Slowing down infrastructure development

• Creating jobs and developing infrastructure in developing countries

Which of the following is an example of globalization's positive impact?

• Increased tariffs between countries

• Apple’s expansion into Asia

• Limiting cross-border trade agreements

What is one negative effect of globalization?

• Strain on local industries that cannot compete with multinational corporations

• Increased support for local businesses

• Easier access to international markets for small businesses

How does globalization contribute to income inequality?

• By equally distributing the benefits

• By widening the gap between skilled and unskilled labor globally

• By reducing the demand for high-skilled labor

What is an example of globalization’s negative impact on local industries?

• Growth of local manufacturing

• Fast fashion’s negative effect on local garment producers

• Increasing employment in small-scale industries