Which of the following statements is true about the global changes in political and economic systems?
A)The West lost the Cold War,and East European communist ideology is now widespread.
B)A lack of deregulation has been the cause for the global financial crisis of 2008-2009,and the recession that followed.
C)It is guaranteed that democracy will thrive in most of the world's newer democratic states.
D)The multipolar world dominated by a number of civilizations of the Cold War era has vanished,and is now being replaced by a bipolar world.
E)Many of the undeveloped and impoverished national markets of eastern Europe,Latin America,Africa,and Asia are potentially enormous for international business.

Question

Quizplus · Accepted Answer

Many undeveloped and impoverished national markets in eastern Europe, Latin America, Africa, and Asia have great potential for international business. This is due to factors such as growing populations, increasing urbanization, and the rise of a middle class in these regions. The other options are not accurate: A is false as the West won the Cold War and communist ideology is not widespread; B is debatable as the causes of the financial crisis are complex and varied; C cannot be guaranteed; and D is false as the world has become more multipolar with the rise of emerging powers like China and India.

Which of the Following Statements Is True About the Global