According to globalization skeptics, compared with patterns of trade a century ago:
A) the world economy has not changed much.
B) the world economy is more global and less regionalized.
C) the world economy is less global and more regionalized.
D) there is less trade because there are too many types of currency.

Question

Quizplus · Accepted Answer

Globalization skeptics argue that the world economy has actually become more regionalized rather than globalized. They believe that regional trade arrangements and protectionism have been more prevalent than global trade. This is in contrast to a century ago, when trade patterns were more globalized and less focused on specific regions. The answer A is incorrect because the world economy has undergone significant changes with the rise of new players in global trade. Answer B is incorrect because most skeptics would argue that the world economy is less globalized than it was in the past. Answer D is incorrect because multiple currencies have not had a significant impact on global trade.

According to Globalization Skeptics, Compared with Patterns of Trade a Century