The recent pace of globalization has been increased through:
A) declining transportation costs.
B) increased speed of communication.
C) the integration of world markets.
D) each of these developments.

Question

Quizplus · Accepted Answer

All three factors mentioned in the options - declining transportation costs, increased speed of communication, and integration of world markets - have contributed to the recent pace of globalization. Transportation costs have decreased due to advancements in technology, which have made it cheaper and more efficient to transport goods across long distances. The speed of communication has increased due to the widespread use of the internet and other digital technologies, enabling people to communicate and share information across borders more easily than ever before. And the integration of world markets has been fueled by the growth of multinational corporations and the removal of trade barriers between countries. All of these developments have helped to make the world more interconnected and interdependent, facilitating the spread of ideas, goods, and services across the globe.

The Recent Pace of Globalization Has Been Increased Through