Intimate knowledge about the formal and informal

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intimate knowledge about the formal and informal rules governing competition in various countries. 8. How would you describe a resource-based view of global business? The resource-based view focuses on a firm’s internal resources and capabilities.
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9. After comparing the three views of globalization described in this book, which seems the most logical or sensible to you and why? The three views are as follows: - A new force sweeping through the world in recent times. - A long-run historical evolution since the dawn of human history. - A pendulum that swings from one extreme to another from time to time. - Process similar to the swing of a pendulum. The important thing is not so much the answer as the extent to which the student demonstrates thought in providing the answer. 10. What is semiglobalization, and what factors contribute to it? Semiglobalization avoids total isolation and total globalization and calls for more than one-way for doing business around the globe. Pendulum view contributes to it.
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