Globalization
A) affects primarily goods-producing industries.
B) is solely a late twentieth-century phenomenon.
C) reduces the volume of international trade.
D) faces little opposition within developed countries of the world.
E) leads to greater integration of the world economy.

Question

Quizplus · Accepted Answer

Globalization leads to greater integration of the world economy, meaning it connects countries through increased trade, investment, and cultural exchange. This trend has been growing for decades and is not solely a recent phenomenon. While there may be opposition to certain aspects of globalization, such as the outsourcing of jobs, it is not accurate to say that it faces little opposition within developed countries. Globalization affects both goods-producing industries and service sectors. It also increases the volume of international trade, rather than reducing it.