The integration of national economies into a worldwide economy, due to trade, investment, and migration and information technology is known as:
A)globalization.
B)perennial revolution.
C)amalgamation.
D)assimilation.

Question

The integration of national economies into a worldwide economy, due to trade, investment, and migration and information technology is known as:
A)globalization.
B)perennial revolution.
C)amalgamation.
D)assimilation.

Quizplus · Accepted Answer

Globalization refers to the process by which national economies become integrated into the international economy through trade, direct foreign investment (by corporations and multinationals), short-term capital flows, international flows of workers and humanity generally, and flows of technology.

The Integration of National Economies into a Worldwide Economy, Due