____ is (are) all goods and services produced or based in one country that are sold abroad.

_______ are products marketed in all countries essentially without any changes.

A major flaw of the original GATT was that it lacked the power to

The ______ is an agency created to provide financing for national economic development efforts.

Opponents to globalization argue that it ________.

Three main goals of the ________ are to help the free flow of trade, help negotiate the further opening of markets, and settle trade disputes between its members.

Jeans, Unlimited produces clothing for young adults. It designs its clothes at its New York headquarters, and produces them at facilities in two Southeast Asian countries. The company recently received negative press after one of its facilities was found using questionable, albeit legal, labor practices—including employing child labor and operating in a manner that damages the environment.

The facilities that Jeans, Unlimited operates in Southeast Asia are examples of ________.

Last year, Sabrina Shin started a business selling all types of spices and hot sauces. The business is small but this entrepreneur’s dreams are big. Given limited demand and sales fluctuations in the domestic market, Sabrina has been considering going international. Yet she has little information, many doubts, and no guidance.

Which of the following can help Sabrina reach consumers in different corners of the world faster and cheaper?

Tacky Toys, a U.S.-based toy retailer, buys all its merchandise from Mushi Toys, a Japan-based toy manufacturer with production facilities in 12 nations. Mushi Toys markets its toys globally without modification.

Mushi Toys is best described as a(n) ________.