Many supporters of globalization remain convinced that the general trend is one of the trade liberalization leading to rising incomes and longer-term development.

Question

Quizplus · Accepted Answer

Globalization and trade liberalization are widely believed to contribute to economic growth, higher incomes, and development by allowing countries to specialize in industries where they have a comparative advantage, increasing efficiency, and providing access to larger markets.

Many Supporters of Globalization Remain Convinced That the General Trend