Which of the following is an effect of globalization?
A) Reducing cooperation among nations in the global economy
B) Weakening economic integration across countries
C) Reducing interdependence among the components in the global economy
D) Increasing the importance of nation states
E) Creating a borderless world where economic integration becomes extreme

Question

Quizplus · Accepted Answer

Globalization has led to an increase in economic integration across countries, resulting in a borderless world where goods, services, capital, and information can flow freely across national borders. This has also resulted in the emergence of global supply chains and multinational corporations, and the reduction of trade barriers and tariffs, further increasing economic interconnectedness.

Which of the Following Is an Effect of Globalization