QUESTION IMAGE
Question
question
which of the following is a reason why globalization has increased rapidly?
answer
fluctuating currency exchange rates
higher trade barriers
ethnocentrism
technological innovations
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Brief Explanations
To determine the reason for rapid globalization:
- Fluctuating currency exchange rates are more of a consequence or challenge of globalization, not a cause.
- Higher trade barriers restrict international trade and would hinder globalization, not increase it.
- Ethnocentrism (focus on one's own culture) promotes cultural isolation, not globalization.
- Technological innovations (e.g., internet, transportation tech) have enabled faster communication, easier trade, and global connectivity, driving rapid globalization.
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D. Technological innovations