Which of the following has NOT played a significant role in recent developments leading to increased trade and globalization?
A) lower transportations costs
B) theory of absolute advantage
C) integration of world markets
D) increased communication speed

Question

Quizplus · Accepted Answer

The theory of absolute advantage, developed by Adam Smith in the 18th century, has been around for a long time and is not a recent factor contributing to globalization. Lower transportation costs, increased communication speed, and the integration of world markets have all played significant roles in recent developments leading to increased trade and globalization.

Which of the Following Has NOT Played a Significant Role