Managing Engineering and Technology Study Set 1

Business

Quiz 18 :

Globalization and Challenges for the Future

Quiz 18 :

Globalization and Challenges for the Future

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Give an example of an "appropriate technology" that might be preferable in a specific developing country situation instead of the technology used to solve the same problem in the United States.
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While the United States relies heavily on automated manufacturing facilities in order to reduce the workforce, several developing countries with a large pool of unskilled workers rely more extensively on labor hours.
This difference in use of workforce coupled with an assembly line layout, as opposed to the automated American factory, arises primarily because of the significantly higher wages given to workers in factories located in the United States. Therefore, use of semi-automated, labor-intensive manufacturing system is more appropriate for manufacturing companies of Vietnam, China, and Indonesia.

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What is the significance of the elimination of trade barriers between European countries to American companies?
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Trade barriers are the restrictions imposed by the governments on international transactions of a country.
The elimination of trade barriers between Country E to the companies of Country A would result in stiffer competition, faced by the native companies. As a result of which, the companies of country E would operate with greater flexibility without any tariffs or protections. Therefore, the foreign firms need to increase their efforts in order to maintain their market share in the European continent. Hence, companies of Country A need to develop new competencies for growth and survival.

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What are some characteristics of the BRICS countries?
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The BRICS country consists of Brazil, Russia, India, China and South Africa. They are the world largest economies and developing countries. These countries are on the verge of investment in science research and scientific publications. They constitute 40% of the world population and account 25% of the global GDP.
The characteristics of BRICS country are listed below:
1. They have the large economies, resources, populations, and large markets. They are the developing countries and any economic crises would bring their neighboring countries down.
2. They understand the developments of domestic market and political reforms
3. They are the fastest growing economies, contributing to the world growth of trade
4. They are the participants in the affairs of political, social and economy. These countries have good potential trade which fulfills the demand of the country.
5. This countries helps each other during economic crisis.

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Describe some of the effects of globalization.
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Congratulations! You have served as an R D manager so effectively that you have been appointed Director of R D for your company's affiliate in Tokyo.What differences will you expect to find in your new assignment (other than language), and how might this affect your life and your management style?
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What have been the effects on the U.S. economy of ( a ) the NAFTA treaty approved in 1993, and ( b ) the GATT modifications approved by the U.S. Congress in late 1994?
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Select a specific developing country, and comment on which of the eight "characteristics of developing countries" seem to apply. What additional characteristics would you add?
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