According to the text,political drivers of globalization include
A) preferential trading agreements.
B) expanded barriers to trade and foreign investment.
C) nationalization of much of the industry in formerly communist nations.
D) limitations on foreign direct investment.
E) import barriers.

Question

Quizplus · Accepted Answer

There is a trend toward the unification and socialization of the global community. Preferential trading arrangements that group several nations into a single market, such as the North American Free Trade Agreement and the European Union, have presented firms with significant marketing opportunities. Many firms have moved swiftly to gain access to the combined markets of these trading partners, by either exporting to or producing in the area. Two other aspects of this trend are contributing to the globalization of business operations: (1) the progressive reduction of barriers to trade and foreign investment by most governments, which is hastening the opening of new markets by international firms that are both exporting to them and building production facilities in them, and (2) the privatization of much of the industry in formerly communist nations and the opening of their economies to global competition.

According to the Text,political Drivers of Globalization Include