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WGU C211 Global Econ Study Guide 2025 & Cohort Questions with Answers Views of globalization (Chp 1.4) - --Answer --1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Location specific advantage of Natural resource—seeking - --Answer -- Strategic goal - Possession of natural resources and related transport and communication infrastructure Location specific advantage of Market-seeking - --Answer --Strategic goal - Abundance of strong market demand and customers willing to pay Location specific advantage of Efficiency-seeking - --Answer --Strategic goal - Economies of scale and abundance of low-cost factors Location specific advantage of Innovation-seeking - --Answer --Strategic goal - Abundance of innovative individuals, firms, and universities ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1