_____ refers to the growth and spread of investment, trade, production, communication, and new technology around the world.

Question

Quizplus · Accepted Answer

Globalization is a term that describes the interconnectedness and integration of economic, cultural, and political systems across the world. It refers to the expansion and interdependence of investment, trade, production, communication, and new technology around the globe, leading to an increasingly unified and interconnected world. This has resulted in the growth of multinational corporations, the exchange of goods and services across borders, the internationalization of financial markets, and the rapid spread of cultural and technological innovations. Thus, option B) Globalization is the best choice that accurately describes the phenomenon described in the question.

_____ Refers to the Growth and Spread of Investment, Trade