Globalization is an ongoing process because:
A)government will continue to fail to implement policies that address the structural adjustments necessary to make U.S. firms more competitive.
B)foreign countries, especially China and India, are moving up the value-added chain and competing with more and more goods.
C)the globalized AS/AD model will replace the standard AS/AD model, forever changing how economists view the economy.
D)goods inflation has been solved as a problem for the economy, allowing the government to continue to run expansionary policies.

Question

Quizplus · Accepted Answer

Globalization is an ongoing process because countries like China and India are increasingly moving up the value-added chain, allowing them to compete in a broader range of goods. This shift means that the global economy continues to evolve as nations develop and change their economic focus, contributing to the dynamic nature of globalization.

Globalization Is an Ongoing Process Because