Question 1

You have been invited to give a presentation that addresses the question: is globalization a good thing or a bad thing? Explain your view.

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Question 2

Which of the following would be an example of Samuel Huntington's view of conflict in the 21st century?

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Question 3

Why did many people object to allowing China to join the World Trade Organization in 2001? Were they right to object? Explain.

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Question 4

How did the expansion of information and communication technologies (ICTs)spur recent acceleration of globalization? Give an example to support your answer.

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Question 5

When working in a global environment,it is important to keep in mind that ________.

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When working in a global environment, ethics function as an informal legal code as they provide a framework for behavior and decision-making that can be understood and shared across cultural and linguistic boundaries. It helps to reduce misunderstandings and conflicts, build trust and respect, and maintain good relations with different stakeholders. While values are also important, they provide general guidance and preferences, whereas ethics offer specific guidelines and standards for conduct. Additionally, ethics are connected to consequences as they consider the impact of actions on different stakeholders, such as employees, customers, suppliers, investors, and society at large. Therefore, organizations that adopt ethical principles can enhance their reputation, attract and retain talent, differentiate themselves in the market, and achieve sustainable success.

Question 6

In this new world of globalization,the United States has seen a shift toward grassroots localization as demonstrated by the growth of farmer's markets and Shop Main Street initiatives.Do you think this is a rebuke of globalization?

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Question 7

Your company branch is located in a foreign country.You are having difficulty getting operating permits and licenses.A native coworker suggests that you pay bribes to local officials; a practice that is not legal in the country but is common custom in the culture.Should you take this advice? Explain.

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Question 8

Why is China likely to be a country of "lonely men" in the near future?

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China's One-Child Policy has resulted in a preference for male children, which has led to sex-selective abortions and female infanticide. This has created a significant gender gap in China, with more men than women. By 2020, it is projected that there will be 30 million more men than women in China, and this shortage of women will make it difficult for men to find partners and get married, resulting in a significant number of lonely men.

Question 9

What did economist Amartya Sen mean when he said that the Berlin Wall prevented our view of a global future?

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Question 10

How have globalization and the resulting shift in the balance of trade impacted the U.S.economy? What might be a strategy to help the United States successfully respond to these changes?

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Question 11

Access to information often changes the world.One critical factor affecting the progress of globalization is social and political circumstances.How can social media - the newest information technology - impact social and political conditions in a country? Give an example to explain your answer.

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Question 12

Which country has the lowest amount of public debt as a percentage of the GDP?

Accepted Answer

Russia traditionally has one of the lowest levels of public debt compared to its GDP among major economies. This is due to its conservative fiscal policies and significant revenues from natural resources, especially oil and gas.

Question 13

You are the CEO of a successful U.S.restaurant chain looking to expand into international markets.What can you learn from the initial problems with EuroDisney?

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Question 14

Which of the following statements is TRUE?

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Hybridization allows individual countries to be affected by globalization, but not to give up their cultural identities. This is because it involves the blending of various cultural elements to form a new and unique culture, rather than the replacement of local cultures with a single world culture as suggested in option B. Option A is incorrect because McDonaldization, as a form of globalization, can indeed result in the homogenization of culture and the loss of cultural identity. Option D is also incorrect because McDonaldization involves standardization and the proliferation of Western cultural values, which can undermine local cultures.

Question 15

A colleague is thinking of putting together a project that will expand the company to India.What can you tell her about typical management practices there?

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Question 16

If Vodafone's Vittorio Colao is correct,you would expect to see this in a world-wide hotel chain.

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Question 17

You are employed at a leading U.S.pharmaceutical company.The CEO emphasizes social responsibility and has asked your team to propose a project for the World Economic Forum.What kind of project should you propose?

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Quiz 14: Globalization: Managing Effectively in a Global Economic Environment