Globalization is the increasing worldwide integration of markets, production, and communications across national boundaries.

Question

Quizplus · Accepted Answer

Globalization refers to the process of increased interconnectedness and interdependence between different economies and societies around the world, driven by advances in technology, transportation, and communication. This process has resulted in the integration of markets, production, and communications across national boundaries, enabling the flow of goods, services, capital, and information between different countries and regions. Therefore, the statement "Globalization is the increasing worldwide integration of markets, production, and communications across national boundaries" is true.

Globalization Is the Increasing Worldwide Integration of Markets, Production, and Communications