Although globalization is not a new phenomenon,a key characteristic of globalization today is that capital can move production across national borders with relative ease.

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This statement is true. Globalization has enabled companies to move their production facilities to countries where labor is cheaper or regulations are more lenient, leading to the phenomenon of outsourcing and offshoring. Advances in transportation, communication, and technology have made it easier for companies to coordinate and manage their operations across different locations and to access global markets.

Although Globalization Is Not a New Phenomenon,a Key Characteristic of Globalization