BEC 6 - Topic 3

Question 1

How is Globalization measured?

Answer 1

World trade as percentage of GDP.

Question 2

Factors driving globalization?

Answer 2

Improvements in transportation.
Tech advancements
Deregulation of financial markets
Operational options for international business

Question 3

What are methods of international business operations?

Answer 3

International trade
Licensing
Franchising
Joint Ventures
Foreign Direct Investment
Global Sourcing

Question 4

What is functional interdependence?

Answer 4

Participation of nations in worldwide institutions.

Question 5

What is Systemic Interdependence?

Answer 5

All members of the global community share the planet Earth.