36. In globalization, production has become increasingly international production. Trade and investments are increasingly integrated and organized
Question:
36. In globalization, production has become increasingly international production. Trade and investments are increasingly integrated and organized within so-called global value chains (GVCs) where the distinct stages in the production process are located across different economies. TNCs are key actors establishing, managing and controlling GVCs *
(36 out of 40)
2 answers to the question.
True
False
37.
As a result of fragmentation and relocation processes, triggered by globalization, India has become a global factory for industrial goods and China a global business services center
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(37 out of 40)
2 answers to the question.
True
False
38.
Stiglitz gives examples of countries, which benefited from globalization. One of them is Russia, which made a successful transition from communism to the market economy, raising living standards of its population. Russia's success would not be possible without the guidance and support of the International Monetary Fund
*
(38 out of 40)
2 answers to the question.
True
False
39. Stiglitz believes that globalization has the potential to bring benefits to people in both the developing and the developed world. But the evidence is that it has failed to live up to this potential. In the book "Making globalization work," he argues that that the problem is not with globalization itself, but in the way, globalization has been managed *
(39 out of 40)
2 answers to the question.
True
False
40. According to Joseph Stiglitz, Nobel Prize Winner, globalization has negative sides, but it has also brought many benefits to people of the world, including to people in developing countries *
(40 out of 40)
2 answers to the question.
True
False