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As the economic role of multinational, global corporations expands, th

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likitwill
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Re: As the economic role of multinational, global corporations expands, th [#permalink] As the economic role of multinational, global corporations expands, th   27 May 2023, 08:42
Hi GMATNinja,

I got all questions correct but I'm still unclear on one point: whether the increasing interaction between governments and global corps lead to the trend toward regional trading blocs, or the other way around?

The passage says "the international economic environment will be shaped...by the interaction between governments and global corporations" and "A significant factor in this shifting world economy is the trend toward regional trading blocs of nations..." It sounds to me like both the interaction and the trend toward regional trading blocs are separate causes of the shift.

I couldn't clearly define the relationship between these two, could you please help clear this up?
Thanks so much!
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Re: As the economic role of multinational, global corporations expands, th [#permalink] As the economic role of multinational, global corporations expands, th   10 Jul 2023, 07:51
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likitwill wrote:
Hi GMATNinja,

I got all questions correct but I'm still unclear on one point: whether the increasing interaction between governments and global corps lead to the trend toward regional trading blocs, or the other way around?

The passage says "the international economic environment will be shaped...by the interaction between governments and global corporations" and "A significant factor in this shifting world economy is the trend toward regional trading blocs of nations..." It sounds to me like both the interaction and the trend toward regional trading blocs are separate causes of the shift.

I couldn't clearly define the relationship between these two, could you please help clear this up?

Thanks so much!


Good question! To answer it, let's consider how the logic of the passage proceeds.

First, the passage tells that the role of global corporations is expanding. This, in turn, will increase the importance of interactions between governments and global corporations.

Next, we're told about "another significant factor" in the "shifting world economy" -- namely, a trend towards regional trading blocks. The author then gives examples of this trend, contrasts some of their differences, and points out how they will both affect the world economy.

So do increasing interactions between governments and corporations lead to regional trading blocks, or the other way around? While that's an interesting question, the passage doesn't give us much information to answer it. The passage doesn't rule out the possibility that these two trends could affect each other, but it doesn't really support it either. Rather, the passage merely suggests that both trends are important aspects of the shifting world economy.

In general, reading comp passages may raise interesting questions that they don't answer. But that doesn't mean we missed something as readers -- it's just that the passages often provide limited information. So drawing a distinction between what ideas can be reasonably supported and what can't is often a useful skill.

I hope that helps!
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Re: As the economic role of multinational, global corporations expands, th [#permalink] As the economic role of multinational, global corporations expands, th   03 May 2024, 11:13
GMAT ninja, Karishma.. can you help with Q1, why not E
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As the economic role of multinational, global corporations expands, th [#permalink] As the economic role of multinational, global corporations expands, th   03 May 2024, 11:18
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As the economic role of multinational, global corporations expands, the international economic environment will be shaped increasingly not by governments or international institutions, but by the interaction between governments and global corporations, especially in the United States, Europe, and Japan. A significant factor in this shifting world economy is the trend toward regional trading blocs of nations, which has a potentially large effect on the evolution of the world trading system. Two examples of this trend are the United States-Canada Free Trade Agreement (FTA) and Europe 1992, the move by the European Community (EC) to dismantle impediments to the free flow of goods, services, capital, and labor among member states by the end of 1992. However, although numerous political and economic factors were operative in launching the move to integrate the EC’s markets, concern about protectionism within the EC does not appear to have been a major consideration. This is in sharp contrast to the FTA; the overwhelming reason for that bilateral initiative was fear of increasing United States protectionism. Nonetheless, although markedly different in origin and nature, both regional developments are highly significant in that they will foster integration in the two largest and richest markets of the world, as well as provoke questions about the future direction of the world trading system.
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OA:C

1. The primary purpose of the passage as a whole is to

(A) describe an initiative and propose its continuance
(B) chronicle a development and illustrate its inconsistencies
(C) identify a trend and suggest its importance
(D) summarize a process and question its significance
(E) report a phenomenon and outline its probable future


 

I am in doubt. Why not E for the first question. To me the first few lines (As the economic....and Japan.) seemed the conclusion and everything else was added explaination to support this assertion and this is what E is saying. ­

GMAT ninja/ Karishma.... can you please help
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As the economic role of multinational, global corporations expands, th [#permalink] As the economic role of multinational, global corporations expands, th   04 May 2024, 22:13
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As the economic role of global corporations expands, the international economic environment will be shaped increasingly by the interaction between governments and global corporations. A significant factor in this shifting world economy is the trend toward regional trading blocs of nations, which has a potentially large effect on the evolution of the world trading system.Two examples of this trend are ...
..
both regional developments are highly significant in that they will foster integration in the two largest and richest markets of the world, as well as provoke questions about the future direction of the world trading system.
Question 1.

1. The primary purpose of the passage as a whole is to

(A) describe an initiative and propose its continuance
(B) chronicle a development and illustrate its inconsistencies
(C) identify a trend and suggest its importance
(D) summarize a process and question its significance
(E) report a phenomenon and outline its probable future


The entire passage is dedicated to identifying the trend, explaining it with 2 examples and suggesting how important they are. 
Hence (C) is correct.

(A) describe an initiative and propose its continuance

The author does not propose the continuance of anything. He explains why the trend is significant. He does not propose continuance. 

(B) chronicle a development and illustrate its inconsistencies

No inconsistencies discussed.

(D) summarize a process and question its significance

He does not question the (doubt the) significance of the trends. He suggests that they are significant. 


The first line does report the phenomenon and outline its probable future but the entire passage is focussed on the trend (a significant factor in the phenomenon) and its significance. So he wrote the first line to introduce the phenomenon and then identified a particular trend in the phenomenon and then talked the rest of the time about that trend. So he wanted to talk about the trend. 

For example: 
I have many friends who I love dearly and who have been with me since my childhood days. One of those is Vic. 
I first met Vic in kindergarten... 
.... (all about Vic and my friendship)
Vic will continue to remain an  important part of my life.

What did I want to talk about? Vic!

Hence this is incorrect too. 
 ­
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As the economic role of multinational, global corporations expands, th [#permalink]
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