International Business Study Set 5
Quiz 1: Globalization
Rivers Inc.,a U.S.based sports apparel manufacturer,sets up a production unit in China to take advantage of the lower labor costs there.This is an example of foreign direct investment.
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World Bank gives an aid of 100 million dollars to Kenya for creating rural health care facilities.This is an example of foreign direct investment.
The lowering of barriers to international trade enables firms to view the world,rather than a single country,as their market.
According to WTO data,the volume of world merchandise trade has grown faster than the world economy since 1950.
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