How will an increase in coordinated economic and political integration between countries affect the world economy?
A) The world's market economies will become self-sufficient and independent.
B) There will be gains in social welfare and living standards across the globe.
C) The cost of labor will further decline in emerging economies.
D) There will be a movement away from global collaboration networks among multinational enterprises (MNEs).

Question

Quizplus · Accepted Answer

More gains in social welfare and living standards can be had through further globalization if future integration is managed effectively through coordinated efforts by governments.

How Will an Increase in Coordinated Economic and Political Integration