Globalization refers to the processes by which goods,services,capital,people,information,and ideas
A) are onshored and offshored.
B) flow across national borders.
C) are integrated through IMF facilitation.
D) are similar in various markets.
E) affect corporate culture.

Question

Quizplus · Accepted Answer

Globalization refers to the flow of goods, services, capital, people, information, and ideas across national borders. This can involve trade, investment, migration, communication, and cultural exchange between different countries and regions. Globalization has become increasingly important in the modern world, as advances in technology and transportation have made it easier for people and firms to connect and do business across the globe. Despite its many benefits and opportunities, globalization also raises concerns about inequality, sustainability, and cultural identity, as well as the potential for economic and political instability in the face of global challenges such as climate change, pandemics, and geopolitical conflicts.

Globalization Refers to the Processes by Which Goods,services,capital,people,information,and Ideas