The trend towards opening up foreign markets to international trade and investment is knows as:
A) globalization
B) offshoring
C) outsourcing
D) international economic diversity

Question

Quizplus · Accepted Answer

Globalization refers to the increasing interconnectedness and interdependence of economies, societies, and cultures around the world, often driven by the opening up of foreign markets to international trade and investment. Offshoring and outsourcing refer to specific business practices related to relocating work or outsourcing it to other countries, while international economic diversity is a more general concept that does not specifically refer to the trend of opening up foreign markets.

The Trend Towards Opening Up Foreign Markets to International Trade