The global integration of the world economy means that
A) most industrial countries experience tend recessions at the same time.
B) a recession in one industrialized country will be offset by a boom in another country.
C) industrial countries are relatively immune from international financial instability.
D) most industrial countries now use the same currency.

Question

Quizplus · Accepted Answer

The global integration of the world economy means that there is greater interdependence and interconnectedness among countries, particularly in the realm of trade and finance. This has led to an increase in synchronized business cycles, meaning that when one country experiences a recession, other industrialized countries are likely to experience a downturn as well.

The Global Integration of the World Economy Means That