Trade has been growing faster than production in the era of globalization.

Name: Trade has been growing faster than production in the era of globalization.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Globalization has facilitated the removal of barriers to trade and investment, leading to an increase in trade between countries at a rate that often surpasses the growth of production, as countries specialize according to their comparative advantage and engage in more cross-border exchanges of goods and services.

Trade Has Been Growing Faster Than Production in the Era