According to the Specific-Factors Theory, Resources That Are Specific to Import-Competing

question 43

True/False

According to the specific-factors theory, resources that are specific to import-competing industries tend to lose as a result of trade, while resources specific to export industries tend to gain as a result of trade.

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Definitions:

Exportive IHRM Approach

Transferring home HRM systems to foreign subsidiaries without modifying or adapting to the local environment.

Subsidiaries

Companies that are fully or partially owned and controlled by another company, known as the parent company.

Transaction Costs

Expenses incurred during the exchange of goods or services, beyond the price of the goods or services themselves.

Integrative IHRM Approach

A holistic method in international human resource management that combines several aspects of HR practices across multiple countries to achieve global objectives.