Recent trends in the globalization of the world economy include all of the following except:
A) Emergence of global financial markets
B) Economic differentiation
C) Advent of the euro
D) Privatization

Question

Quizplus · Accepted Answer

Economic differentiation refers to the process where economies become more diverse and specialized in their production and services. This is not a trend in the globalization of the world economy, which typically involves the integration and interdependence of national economies. Globalization trends include the emergence of global financial markets, the advent of the euro as a common currency in many European countries, and privatization, which involves transferring ownership of businesses from the public sector to the private sector, often to integrate them more fully into the global economy.

Recent Trends in the Globalization of the World Economy Include