Questions for Chapter A2 Review

1. Which European states were actively involved in colonizing other continents in the 15^th century? What features do these countries have in common?
2. What were the driving forces behind imperialism? How was imperialism associated with mercantilism?
3. What limited the emergence of global trade in the times of Ancient Egypt, Ancient Greece, and the Roman Empire?
4. Which countries produced the most gross domestic product at the beginning of the current era? What factors led to this?
5. How did the balance of economic power change in the world at the beginning of the 19^th century when assessing the distribution of GDP?
6. What led to the fact that only a few countries began to create the most GDP in the 19^th and 20^th centuries? Which countries are these?
7. Why did the colonization processes and the discovery of America in the 15^th century not make significant changes in the GDP of the colonizing countries?
8. How did the discoveries of the 15^th century differ from the discoveries of the early 19^th century? What influences have they had on the globalization of business?
9. Why can China’s growth in the last decades of the 20^th century and the 21^st century be called economic revanchism?
10. What factors led to China’s economic growth in the last decades of the 20^th century and the 21^st century?
11. How can exchange rates be used to make a country attractive to foreign investors? Give historical examples.
12. Explain the importance of the discovery of silver and gold deposits for money?
13. What parallels can be found between coins, gold and crypto currencies?
14. What importance has electronic money made in international trade transactions?
15. In which year were the first international organizations founded?
16. Explain the synergy between the state and private business in creating the first international organizations?
17. What was the scale of the first international organizations? In which countries did they operate, and approximately how many employees did they have?
18. What is the difference between the economic behaviour of the British and the Dutch and the Spanish towards the colonized lands in the 15-18^th centuries? How did this lead to the economic structure and centres of financial power in the world today?
19. What role did the prevailing winds and currents play in the oceans?
20. Compare shipping before and after the development of containers? What is the significance of a container for international business?
21. What and when were the industrial revolutions? How did each revolution contribute to the globalization of business?
22. Explain what are the essential differences between Fordist and Post-Fordist business paradigm?
23. How has globalization changed the value of production?
24. What conditions made it possible for European and US organizations to move their production to Asia?
25. Which activities create the greatest value in global business?

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