Which of the following is considered to be the bedrock of economic globalization?
A) Monopoly
B) Foreign direct investment
C) Oligopoly
D) Trade liberalization

Question

Quizplus · Accepted Answer

Trade liberalization, which refers to the removal or reduction of government-imposed barriers to free trade between nations, is considered to be the bedrock of economic globalization. It has led to an increase in international trade, investment, and economic growth over the past few decades. Monopoly and oligopoly refer to market structures characterized by a limited number of competitors, which can hinder free trade and limit economic growth. Foreign direct investment can contribute to globalization, but it is not the foundation upon which it is built.

Which of the Following Is Considered to Be the Bedrock