The globalization of markets and production and the resulting growth of world trade,foreign direct investment,and imports all imply that firms are finding it easier to protect themselves from attack by foreign competitors.

Question

Quizplus · Accepted Answer

The statement is false. The globalization of markets and production actually makes it easier for foreign competitors to attack firms, as they have greater access to markets and resources previously controlled by domestic firms. This can lead to increased competition and a need for firms to adapt and innovate in order to stay competitive.

The Globalization of Markets and Production and the Resulting Growth