Economics · Globalization
Which of the following descriptions best defines the core process of 'globalization'?
- 1The strict restriction on the movement of people and technology across international borders
- 2The increasing economic isolation and self-reliance of developing countries
- 3The complete assimilation and unification of all distinct world cultures
- 4The rapid economic integration and interconnectedness among countries through trade and capital flows✓
Correct answer
The rapid economic integration and interconnectedness among countries through trade and capital flows
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