Sceptics of Globalization Affirm That Economic Integration Was High Already

question 3

Multiple Choice

Sceptics of globalization affirm that economic integration was high already in the 19^th century. Others argue that the character of integration has changed from shallow to deep integration. What is meant by that? Please select all that apply.

• A) International trade is replaced by global production chains.
• B) International trade dramatically expanded its geographical scope.
• C) International trade is accompanied by an unknown level of labour and capital mobility.
• D) International trade is increasingly taking place between unequal trading partners.

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Definitions:

Capital Expenditures

Payments made by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Amortization

The process of gradually reducing a debt through regular payments of both principal and interest.

Risk Optimization

The process of identifying, assessing, and prioritizing risks followed by coordinating and applying resources to minimize, monitor, and control the probability or impact of unfortunate events.

Emerging Companies

are businesses in the early stages of development, usually characterized by innovative products or services and high growth potential.