6 Questions
What is the main driver of globalization according to the text?
Advancements in information technology
How does globalization affect economic life?
It transforms economic life through advancements in technology
According to the IMF, what does globalization involve?
Growing economic interdependence among countries
Which of the following is NOT mentioned as an effect of globalization in the text?
Legal systems development
Who benefits from the advancements in information technology due to globalization?
Consumers, investors, and businesses
What role does international trade play in globalization?
Primary driver of globalization
Test your knowledge about globalization, a process of interaction and integration among people, companies, and governments of different nations driven by international trade and investment. Learn about its effects on the environment, culture, political systems, and economic development.
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