According to Christopher Barlett and Sumantra Ghoshal, the Flow of Skills

question 55

Multiple Choice

According to Christopher Barlett and Sumantra Ghoshal, the flow of skills and product offerings should not be all one way, from home firm to foreign subsidiary.Rather, they argue that the flow should also be from foreign subsidiary to home country, and from foreign subsidiary to foreign subsidiary-a process they call:

• A)adaptive learning effect
• B)international education.
• C)international lore.
• D)worldwide effect.
• E)global learning.

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Definitions:

Common Resource

A resource like air or water that is available to all but can be depleted by overuse.

Nonrival

A characteristic of a good or service indicating that one person's consumption does not diminish the availability of that good for consumption by others.

Market Economy

An economy in which decisions about production and consumption are made by individual producers and consumers.

Public Goods

Items that cannot be restricted to non-payers and whose consumption by one individual does not diminish availability to others; these are accessible to all, regardless of payment.