Globalization can create benefits for all countries because of

Question

Quizplus · Accepted Answer

Comparative advantage, specialization, and trade allow countries to focus on producing goods and services that they are most efficient at and then trade these with other countries. This leads to increased efficiency, lower prices for consumers, and potential economic growth for all countries involved. Stable exchange rates, coordinated fiscal policy, and price stability may also be beneficial, but they are not direct results of globalization. The mention of Joseph Stiglitz is not relevant to the question.

Globalization Can Create Benefits for All Countries Because of