Which of the following hampers the growth of global economy?

Question

Quizplus · Accepted Answer

Encouraging protectionism hampers the growth of global economy by restricting the flow of goods and services across national borders, which can limit competition and ultimately lead to higher prices and decreased consumer choice.

Other options:

A) Rise of democracy - this is unlikely to hamper the growth of the global economy, as democratic governments generally promote free market policies and trade liberalization.

B) Spread of capitalism around the world - this has generally been seen as a positive force for economic growth and development.

D) Development of the Internet - has had a generally positive impact on the global economy, by increasing access to information and making it easier to conduct business across national borders.

E) Terms and conditions of NAFTA - while there may be specific aspects of NAFTA that are controversial or problematic, overall it has been seen as a positive force for economic integration and growth in North America.

Which of the Following Hampers the Growth of Global Economy