5 Questions
What are the forms of globalization mentioned in the text?
Globalization of Markets
What is one of the factors contributing to the globalization of markets?
Falling barriers to trade
What does the globalization of production involve?
Sourcing goods and services from different locations to take advantage of cost and quality differences
What are some impediments to globalization mentioned in the text?
Transportation costs
What do global institutions mentioned in the text do?
Help manage, regulate, and police the global marketplace
Test your knowledge of globalization and its impact on the world economy with this quiz. Explore the forms of globalization, including the globalization of markets, production, and consumers. Understand the merging of national markets into a global marketplace and the implications of falling trade barriers.
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