The government of a country is trying to meet the debt payment requirements imposed by the International Monetary Fund. Policies are introduced that open up the economy to global corporations that will pay government fees and taxes, rather than encouraging local companies to expand. This situation solves the immediate problems concerning debt payments, but hurts local businesses and citizens in the longer run. According to the text, this is an example of which aspect of globalization?

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The Answer of The government of a country is trying to meet the debt payment requirements imposed by the International Monetary Fund. Policies are introduced that open up the economy to global corporations that will pay government fees and taxes, rather than encouraging local companies to expand. This situation solves the immediate problems concerning debt payments, but hurts local businesses and citizens in the longer run. According to the text, this is an example of which aspect of globalization?

The Government of a Country Is Trying to Meet the Debt