The process of countries becoming more open to foreign trade and investment is known as outsourcing.

Question

Quizplus · Accepted Answer

The process of countries becoming more open to foreign trade and investment is known as globalization or liberalization, not outsourcing. Outsourcing refers to the practice of contracting out work to an external company or person, often in a different country, in order to save costs or improve efficiency.

The Process of Countries Becoming More Open to Foreign Trade