1According to the historical phases of globalization described in the text, which phase was characterized by the end of World War II, the rise of Japan, and the lowering of tariff barriers through GATT/WTO?
2Identify the advantages identified in John Dunning’s 'OLI' paradigm of Foreign Direct Investment.
3What is the primary difference between a Custom Union and a Common Market according to the levels of economic integration?
4Define the 'International Monetary System' as specified in the course materials.
5Which international strategy is being used when a firm sacrifices responsiveness to local requirements in favor of emphasizing lower costs and better efficiency, often offering essentially the same product in each market?
6In the context of international management, the 'Directing' function can be difficult due to which of the following factors?
7According to the Mundell-Fleming model mentioned in the Zambia thesis section, how does an increase in the domestic interest rate typically affect the current account balance?
8Based on the Absolute Purchasing Power Parity (PPP) theory, if Zambia has a higher inflation rate relative to its trading partners, what is the expected outcome for the Zambian Kwacha?
9Which of the following are listed as key players in the monetary and financial systems?
10What are the three main characteristics of a transnational organisation as defined in the content?
