As trade integration grows, so does globalization because states' interdependence increases when exports account for an increasing percentage of their gross domestic product.

Question

Quizplus · Accepted Answer

Trade integration refers to the increase in the flow of goods, services, and investments between countries. As countries become more integrated through trade, their economies become more interdependent, leading to increased globalization. This is because globalization refers to the interconnectedness of economies, societies, and cultures around the world, which is facilitated by trade and other forms of international cooperation. Therefore, as trade integration grows, so does globalization.

As Trade Integration Grows, So Does Globalization Because States' Interdependence