A. A U.S. car company begins making certain car parts in Bangladesh.
B. A U.S. car company hires a South Korean company to make its tires.
C.
A Japanese car company opens a factory in the United States.
Match each of the global business practices with an example of its use.
A. Offshoring
B. Outsourcing
C. Insourcing
A. A Brazilian clothing company opens a factory in Indonesia to take advantage of lower labor costs.
B. A U.S. clothing company buys shirts and pants from a clothing manufacturer in Turkey.
C. A Mexican clothing company opens a textile mill in the United States where it sells most of its products.
Match each of the global business practices with an example of its use.
A. Offshoring
B. Outsourcing
C. Insourcing
A. A U.S. computer company begins making its monitors in China.
B. A Canadian computer company hires an Indian company to handle its customer service calls.
C. A European computer company opens a factory in the United States where it sells most of its computers.
Why does the U.S. textile industry lose jobs to foreign countries?
Cheap imports can force U.S. companies out of business
Which of these is most directly responsible for job loss in the United States?
Cheap imported goods
Why do lower labor costs in other countries lead to job loss in the United States?
Lower labor costs enable producers to export inexpensive products to the United States
How do people in the United States benefit from globalization?
Economic growth
How does globalization hurt the United States economy?
By bringing wage reductions
Which of these is a problem that globalization poses for the U.S. government?
Increased security concerns
Jeanette Martinez
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APEX Econ 6.3: The Challenges of Globalization. (2017, Dec 21). Retrieved from http://studymoose.com/apex-econ-6-3-the-challenges-of-globalization-essay