The World Economic Forum's Global Competitiveness Report traditionally uses which criterion to classify countries as developed or developing?
Explanation
Understanding the international economic environment involves classifying countries based on their level of development. Per-capita income has historically been the primary measure for this purpose.
Other questions
According to the KOF Swiss Economic Institute's 2013 Index of Globalization, which of the following countries was ranked as the least globalized among the options provided?
What are the three dimensions required for a global mindset as illustrated in Exhibit 4.2?
In 2012, what percentage of all vehicles sold by General Motors (GM) did China account for?
Which type of multinational corporation (MNC) is truly world-oriented and favors no specific country?
The bottom of the pyramid (BOP) concept refers to a group of more than 4 billion people who earn less than what amount per year?
What is the market entry strategy that involves a company sharing costs and risks with another firm, typically in the host country, to develop new products or build a facility?
According to the World Economic Forum's Country Competitiveness Comparison for 2011, which country ranked first overall?
What is the term for a natural tendency of people to regard their own culture as superior and to downgrade or dismiss other cultural values?
In Geert Hofstede's value dimensions, which term describes a preference for achievement, heroism, assertiveness, and material success?
Which of the following describes a low-context culture?
What does the term political risk refer to in international management?
The most costly and risky type of direct investment, where a company builds a subsidiary from scratch in a foreign country, is known as what?
According to a 2010 survey by The Wall Street Journal and NBC News, what percentage of Americans said that free trade has actually hurt the United States?
Which of the GLOBE Project's value dimensions refers to the degree to which a society encourages and rewards people for being fair, altruistic, generous, and caring?
What is the term for a person's ability to use reasoning and observation skills to interpret unfamiliar gestures and situations and devise appropriate behavioral responses?
Which regional trade alliance evolved from the European Economic Community and aims to create a powerful single-market system for its member nations?
What is the primary characteristic that distinguishes direct investing from other market entry strategies?
In Hofstede's value dimensions, which country is listed as having a high value for power distance?
What is the most popular form of direct investment for companies engaging in international business today?
The psychological dimension of a global mindset includes which of the following characteristics?
What does a high score in the 'uncertainty avoidance' dimension, as defined by Hofstede, indicate about a society?
By 2012, Yum! Brands' China business accounted for what portion of the company's total revenue?
Which of the following is NOT one of the three distinctive managerial characteristics of a multinational corporation (MNC)?
What is the term for the physical facilities, such as highways, airports, utilities, and telephone lines, that support a country's economic activities?
In Hofstede's framework, what does a cultural preference for a tightly knit social framework in which individuals look after one another describe?
Which market entry strategy enables a company to market its products in other countries at modest resource cost and with limited risk by maintaining production in the home nation?
By 2020, India’s pharmaceuticals industry is projected to become a global leader, as it is already the world's largest exporter of what?
What is the primary reason the North American Free Trade Agreement (NAFTA) was established?
Which of the following is an example of a high-context culture, according to the text?
What is the defining characteristic of global outsourcing, also known as offshoring?
In the GLOBE Project's value dimensions, what does a high score in 'performance orientation' signify?
Which international institution evolved from the General Agreement on Tariffs and Trade (GATT) and has the legal authority to arbitrate trade disputes among its 159 member countries?
What term is used for a form of licensing where a franchisee buys a complete package of materials and services, including trademarks, and adopts the name and systems of the franchisor?
Between 1990 and 2003, the number of multinational corporations (MNCs) is estimated to have increased from 3,000 to what number?
In Hofstede's value dimensions, which of the following reflects a value for a loosely knit social framework where individuals are expected to care for themselves?
What is the primary difference between a polycentric company and a geocentric company?
According to the misery index illustrated in Exhibit 4.6, which combines unemployment and budget deficit, what was the approximate score for the United States in 2010?
In the context of the GLOBE Project, which country is listed as having a high value on assertiveness?
The Arab Spring, a revolutionary wave of protests that created a tumultuous environment for businesses, began in which period?
Hofstede's long-term orientation, which includes a concern for the future and values thrift, is most commonly found in which countries?
What is the primary concern cited in the United States regarding the globalization backlash?
An MNC that places emphasis on its home country's values and practices is known as which type of company?
In the Country Competitiveness Comparison for 2011, India's GDP was approximately $4,515,000,000,000 with a labor force of 487,600,000. What was its competitiveness ranking?
What does Hofstede's 'femininity' dimension reflect in a society's value system?
The company Nestlé SA is provided as a good example of which type of multinational corporation?
What is a primary advantage of a greenfield venture as a direct investment strategy?
In the GLOBE Project rankings, which country is listed as having low 'gender differentiation', meaning women have a higher status and play a larger role in decision making?
What does a company typically receive more than 25 percent of to be classified as a multinational corporation (MNC)?
The American expression 'The squeaky wheel gets the grease' is contrasted with the Chinese and Japanese sayings 'Quacking ducks get shot' to illustrate the difference between which two types of cultures?