A critical ingredient for the Third Era of globalization is:

Question

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Technological advances, especially in information technology and communications, have played a crucial role in facilitating the integration of economies, societies, and cultures across borders, enabling the fast flow of information, ideas, goods, and services. The widespread adoption and use of digital technologies have lowered transaction costs, improved productivity, increased competition, and enabled new forms of collaboration, innovation, and value creation. As a result, businesses, governments, and consumers are more connected, informed, and empowered than ever before, creating opportunities and challenges for all stakeholders in the global economy. Thus, technological advances are a critical ingredient for the Third Era of globalization. Choices A, C, and D are relevant but not as essential as B.

A Critical Ingredient for the Third Era of Globalization Is