Which of the following is NOT a consequence of the reduction in trade barriers and restrictions on FDI since 1950?
A) Firms are dispersing parts of their production process to global locations to drive down production costs and increase product quality.
B) The economies of the world's nation states are becoming more intertwined.
C) Nations are becoming more independent of each other for important goods and services.
D) The world has become significantly wealthier since 1950.

Question

Quizplus · Accepted Answer

The reduction in trade barriers and restrictions on FDI has led to increased globalization and the interdependence of economies. This has resulted in firms dispersing production processes globally to reduce costs and improve quality. Additionally, the world has become significantly wealthier since 1950 due to increased trade and investment. However, the idea that nations are becoming more independent for important goods and services is not consistent with the trend towards globalization and increased economic interdependence.

Which of the Following Is NOT a Consequence of the Reduction