How does economic globalization affect the division of labor?
Understand the Problem
The question is asking how economic globalization impacts the division of labor, presenting multiple-choice options regarding its effects.
Answer
It increases cross-border division of labor.
The final answer is It increases cross-border division of labor.
Answer for screen readers
The final answer is It increases cross-border division of labor.
More Information
Economic globalization fosters increased market integration, leading to a cross-border division of labor through the specialization of production tasks in different countries.
Tips
A common mistake is misunderstanding globalization as promoting localized labor; it often does the opposite by facilitating international specialization.
Sources
- Globalization, specialisation, and the division of labour - CEPR - cepr.org
- Globalization and Labor Markets - Carnegie Endowment - carnegieendowment.org
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