The reasons behind the accelerating pace of globalization include
A) countries with previously planned economies are embracing market or mixed economies.
B) information technology shrinks the importance of geographic distances.
C) ambitious growth-minded countries race to build global share.
D) lower barriers to international trade.
E) All of these.

Question

Quizplus · Accepted Answer

All of the given options are reasons behind the accelerating pace of globalization. The shift towards market or mixed economies, advancements in information technology, countries striving for global market share, and lower barriers to international trade have all contributed to the increasing interconnectedness of the global economy.

The Reasons Behind the Accelerating Pace of Globalization Include