5 Questions
What is one of the drivers of globalization mentioned in the text?
Technological developments
What does FDI stand for?
Foreign Direct Investment
What does MNEs stand for in the context of globalization?
Multinational Enterprises
What are some of the negative aspects criticized by opponents of globalization?
Increasing income inequality and environmental issues
What does globalization of markets involve according to the text?
Standardization of products and merging historically distinct markets into a global marketplace
Test your knowledge of globalization with this quiz that covers the integration of world economies, standardization of products, globalization of production, and the interdependence and interconnectedness of national economies.
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