What is the primary driver of economic globalization, according to the text?
Understand the Problem
The question is asking for the primary driver of economic globalization based on a text, with multiple choice options provided. It requires knowledge of economic concepts related to globalization.
Answer
The rapid development of science and technology.
The primary driver of economic globalization, according to the text, is the rapid development of science and technology.
Answer for screen readers
The primary driver of economic globalization, according to the text, is the rapid development of science and technology.
More Information
Technological advancements, particularly in communications and information technology, have significantly reduced global barriers, facilitating trade and economic integration.
Tips
A common mistake is assuming that increased regulation or the decline of trade would drive globalization, but usually, it is fueled by the reduction of barriers and technological advancements.
Sources
- Economic Globalization: Trends, Risks and Risk Prevention - un.org
- Globalization in Business With History and Pros and Cons - investopedia.com
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