Which of the following has been a key driver for firms to expand globally during the Globalization 3.0 stage?
A) benefits from lower labor costs in manufacturing and services
B) free use of formerly protected intellectual property
C) increasing trade barriers that protect businesses
D) exporting newly available raw materials, such as rubber and coal

Question

Quizplus · Accepted Answer

Access to low-cost raw materials such as lumber, iron ore, oil, and coal was a key driver behind Globalization 1.0 and 2.0. During Globalization 3.0, firms have expanded globally to benefit from lower labor costs in manufacturing and services.

Which of the Following Has Been a Key Driver for Firms