Rather Than a Universal Process of Economic Deepening Across the Globe

question 22

Multiple Choice

Rather than a universal process of economic deepening across the globe, much of what we think of as globalization is simply the:

• A)integration of the former Soviet Union and Eastern Europe into the world economy and political order since 1989.
• B)integration of China into the global market.
• C)liberalization of U.S.trade to allow more imports.
• D)decline of oil prices.
• E)rise of the Indian economy.

---

Definitions:

Intellectual Openness

The willingness to consider and engage with diverse perspectives, ideas, and ways of thinking.

Competitive Marketplace

A business environment where various firms strive for a larger share of customers by offering better value through lower prices, higher quality, or unique services.

Internet Startup

A business venture that is primarily based on the internet, typically focused on technology, innovation, and providing online services or products.

Big Five Personality Factors

A model that identifies five main dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.