In regards to global convergence:
A) Advocates argue that globalization will unleash a "survival-of the-fittest" process
B) Advocates claim firms will be forced to adopt globally the best practices
C) Others contend that governance practices will continue to diverge throughout the world
D) All of the above

Question

Quizplus · Accepted Answer

Global convergence advocates argue that globalization will create a competitive environment, where only the most efficient and innovative firms survive. In this process, firms will have to adopt the best practices globally to remain competitive. However, critics argue that governance practices will continue to diverge, as different countries have different political systems, cultures, and economic goals. Therefore, all of these arguments are valid and represent different perspectives on the issue of global convergence.

In Regards to Global Convergence