In 2010 Vietnam replaced China as the country where Nike produces the bulk of its products. This was largely driven by rising wage rates in China and illustrates what is generally referred to as:

Question

Quizplus · Accepted Answer

Nike shifting its production from China to Vietnam due to rising wage rates in China exemplifies the globalization of production, which refers to how different stages of production occur in different countries to take advantage of lower costs or specific skills. The other options do not fully capture this phenomenon.

In 2010 Vietnam Replaced China as the Country Where Nike