The process of countries becoming more open to foreign trade and investment and a trend towards a more integrated global system is known as
A)autarky.
B)foreign exchange.
C)globalisation.
D)protectionism.

Question

Quizplus · Accepted Answer

Globalisation refers to the process of increasing interdependence and integration between countries in terms of trade, investment, and technology. It involves breaking down trade barriers and allowing for free movement of goods, services, and capital across borders. Autarky and protectionism are the opposite of globalisation and refer to a country's policy of self-sufficiency and restrictions on trade, while foreign exchange is a system for exchanging currencies between countries.

The Process of Countries Becoming More Open to Foreign Trade