Which of the following is a macro factor underlying the trend toward greater globalization?
A)Rise of communism across the globe
B)Increase in nationalization of private organizations
C)Increase in diversity in consumer tastes and preferences
D)Increase in trade regulations across the globe
E)Dramatic developments in information processing and other technologies

Question

Quizplus · Accepted Answer

Dramatic developments in information processing and other technologies have greatly facilitated communication, transportation, and facilitated global trade and investment, leading to greater globalization. The rise of communism (A) and nationalization of private organizations (B) generally had the opposite effect, limiting trade and investment. The diversification of consumer tastes and preferences (C) is a micro-level factor that does not necessarily lead to greater globalization. The increase in trade regulations (D) can create barriers to trade, decreasing globalization.

Which of the Following Is a Macro Factor Underlying the Trend