Which of the Following Best Characterizes Globalization

Which of the following best characterizes globalization?

A) Increases competition and global economic efficiency, thereby having the potential to increase the standard of living in both developing nations and highly industrialized countries.
B) Can threaten the economic independence of nations and their cultural traditions.
C) Is largely regulated by treaties and other multilateral agreements under the direction of the United Nations' project on transnational corporations.
D) All of the statements above are correct.
E) Only statements a and b are correct.