A firm must become a multinational enterprise to engage in international business.

According to _______, subsidies can help a firm achieve a first-mover advantage in an emerging industry.

According to critics of globalization, the fact that young people the world over eat McDonald’s hamburgers, wear clothing made by Spanish company Zara, and listen to pop stars like Drake (Canadian) and Rihanna (Barbadian) on their iPhones shows that consumer tastes are becoming _______.

After the collapse of communism in Russia, successful business owners often had to pay “protection money” to the Mafia or face violent retribution. This is an example of:

Privatization occurs when state-owned property is transferred into the hands of individual investors.

A neo-mercantilist strategy would promote

There is wide agreement amongst economists that __________ is the engine of long-run economic growth.

Princeton economic historian Harold James believes that the COVID-19 pandemic has ushered in the end of globalization.

According to economist Hernando de Soto, the key issue in the relationship between capitalism and property rights is the inability of owners to ________.

By definition, all shareholders (i.e., stock owners) of a company are stakeholders, but not all stakeholders are shareholders.