Globalisation results in a greater degree of ________ across markets and __________ in the world economy than would be present otherwise.
A)diversification;homogeneity
B)diversity;complexity
C)integration;interdependency
D)isolation;independence

Question

Quizplus · Accepted Answer

Globalisation leads to an increased level of integration across markets as well as interdependency in the world economy. This is because as countries become more connected through trade, finance, information, and communication, their economic and financial systems become more intertwined, shaping their behaviors and policies, and making them more reliant on each other. Hence, C is the most appropriate choice for this question. A and D are incorrect because globalisation reduces isolation and dependence and enhances diversification and interdependence. Option B is partly correct but does not fully capture the essence of globalisation's impact on markets and the world economy.

Globalisation Results in a Greater Degree of ________ Across Markets