Global trade has this important effect on developing new competitors.
A)It facilitates the transfer of technology, allowing former assemblers to become creators.
B)It facilitates the transfer of knowledge, allowing former builders to become assemblers.
C)It reduces competition.
D)It reduces rivalry.

Question

Quizplus · Accepted Answer

Global trade facilitates the transfer of technology, which allows developing countries to acquire knowledge and skills that can enable them to create new products and services. As a result, former assemblers can become creators, leading to the emergence of new competitors in the global marketplace. This can increase competition and rivalry, forcing established companies to adapt and innovate to stay competitive.

Global Trade Has This Important Effect on Developing New Competitors