International Business quizzes
How distance and cultural, political, and economic differences shape international trade and business decisions across borders.
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From International Business: Why Distance Still Matters in a Flat World
Why does Ghemawat describe the world as only 'semi-globalized'?
- Only half of all countries allow trade
- Most economic activity is still domestic
- Global trade has stopped growing entirely
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Answer: Most economic activity is still domestic
Measures like the share of investment, phone traffic or students that cross borders remain far below what a 'flat world' would imply.
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