What Is the Basic Premise That Drives the Process of Globalization

question 16

Multiple Choice

What is the basic premise that drives the process of globalization?

• A) Formal economy is much better than informal economy.
• B) Economies worldwide will improve if we utilize the lessons of the Industrial Revolution and focus solely on import and export.
• C) Economies will be healthier and will grow better if we operate with free markets with free trade and competition.
• D) Global trade will increase cultural homogeneity and decrease incidence of warfare and intolerance.
• E) Economies should be left alone because no country can actually regulate them.

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