What is true of economic globalization?

Question

Quizplus · Accepted Answer

Economic globalization faced significant reverses during the interwar period due to factors such as protectionism, tariff wars, and the Great Depression. This led to a decline in international trade and investment and highlighted the need for greater cooperation and coordination between nations to promote economic globalization.

Answer: E 
 When countries embrace economic globalization, they tend to liberalize all goods within their economies. This means that they remove trade barriers such as tariffs, quotas, and regulations, which allows for the greater flow of goods, services, and capital across borders. This is often accompanied by a shift towards market-oriented policies and a reduction in government intervention in the economy.

What Is True of Economic Globalization