Economics · Economic Reforms
What is meant by 'globalization' of an economy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Replacing foreign imports entirely with domestic production
- 2Making the national currency non-convertible for foreign transactions
- 3Restricting economic activities to the geographic boundaries of the nation
- 4Integrating the domestic economy with the world economy through trade and capital flows✓
Correct answer
Integrating the domestic economy with the world economy through trade and capital flows
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