Introduction to International Development, Practice Quiz: Chapter 11

Introduction to International Development, Practice Quiz: Chapter 11

Quiz Content

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. For Joseph Schumpeter, the function of the entrepreneur was to ________.

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. ________ is NOT an example of a "private sector."

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. ________ refer to individuals and enterprises that do business without being officially registered or regulated.

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. ________ was the first to theorize about entrepreneurship.

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. According to Robert Gilpin, the era of multinationals corresponds with the era of ________.

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. The international business perspective views multinationals as ________.

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. The OLI paradigm is also referred to as the ________ paradigm.

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. Global value chain theory emerged in the early ________.

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. Export processing zones (EPZs) ________.

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. In the international division of labour (IDL), ________.

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. Approximately ________ multinational corporations currently exist.

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. The ability of a firm to upgrade depends on all of the following except for ________.

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. A ________ strategy involves multinational corporations buying up assets of other corporations as part of a global strategy to improve their competitiveness.

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. The partnership ideal is best expressed in the concept of ________ developed by Harvard Business School professors Michael E. Porter and Mark R. Kramer.

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. The private sector is one of the most generous and benign actors in international development.

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. In many developing economies, small firms are more likely to be foreign.

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. Micro-finance is popular to due to it being immune from problems.

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. Foreign direct investment is more stable than portfolio investment.

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. Most developing countries have entered into bilateral investment treaties.

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. Foreign direct investment is also known as "hot capital flow."

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. According to the OLI paradigm, the multinational corporation is distinguished by ownership, location-specific, and internalization advantages.

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. Regulatory chill refers to the period in which regulations become well-accepted or solidified.

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. Authors in the Marxist-inspired or critical tradition have tended to view multinational corporations as representatives of the global capitalist system and therefore as having a negative impact on the developing countries in which they invest.

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. The first bilateral investment treaty was signed between Germany and Pakistan in 1959.

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. Export processing zone (EPZ) jobs involve low wages, long hours, and poor working conditions.

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. Private foundations are no longer as important as they once were in international development.

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. The Uruguay Round of trade negotiations further limited the rights of foreign investors.

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. Most multinationals have developed their own codes of conduct, but have not adhered to global codes promoted by international organizations.

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. Investing in working with partners is not just a charitable act, but is good for the competitiveness and profitability of all.

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