The process of countries becoming more open to foreign trade and investment is known as

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The process described in the question is known as globalization, which refers to the increasing interconnectedness and interdependence of countries through the flow of goods, services, capital, and ideas across national borders. Autarky refers to a situation where a country has a closed economy and does not engage in foreign trade. Foreign exchange refers to the trading of currencies between different countries. Protectionism refers to the use of trade barriers, such as tariffs and quotas, to protect domestic industries from foreign competition.

The Process of Countries Becoming More Open to Foreign Trade