In this era of globalization, one of the main reasons why some countries have remained closed to the rest of the world is:
A)the fact that their governments follow policies that explicitly work against economic integration.
B)racial discrimination.
C)the fact that their governments impose extremely high mortgage taxes.
D)the establishment of minimum wages.
E)the fact that they are too poor to trade anything with the rest of the world.

Question

Quizplus · Accepted Answer

Countries that remain closed to economic integration usually do so because of their government policies that explicitly work against it. These policies may include high tariffs and barriers to trade, restrictive regulations, and limited foreign investment opportunities. Racial discrimination, mortgage taxes, and minimum wage laws are not necessarily factors that prevent a country from participating in globalization. And while poverty may make it difficult for some countries to engage in trade, it is not the only reason why countries remain closed to economic integration.

In This Era of Globalization, One of the Main Reasons