The increasing globalization of production
A) was accompanied by an new international division of labor.
B) was possibly only because the largest corporations stayed put in the U.S.
C) had little effect on the deindustrialization process in the industrial nations.
D) strengthened the power of unions in advanced economies.
E) followed along the same trends as the old imperial system.

Question

Quizplus · Accepted Answer

The increasing globalization of production was accompanied by a new international division of labor as different parts of the world specialized in specific stages of production based on comparative advantages. This led to the fragmentation of production and increased trade in intermediate goods.

The Increasing Globalization of Production