Global Business Study Guide (1, 12, 8, 2, 9 11)

In order to use this study guide effectively, answer the following questions for each competency (chapter):

Competency : The Rise of Globalization (Chapter 1)

1. What are the characteristics of globalization? Removal of Trade, cultural and information technology barriers

Allows people in different parts of the world to interact and allows for economic activity to take place on a worldwide scale. integration of economies interdependence among countries Decoupling expansion of domestic markets and trade; growing middle class; good education that provides skilled workers; scientists, engineers; etc. *Emerging BRIC Nations Brazil, Russia, India, China cheaper goods and services

1. How do major international...