QUESTION IMAGE
Question
what factor played an important role in speeding up globalization?
multiple choice
fortification of trade and investment barriers between each country
export restrictions which ensured that the people of a country had access to their own products
declining barriers to trade and investment that eased the flow of capital throughout the world
increased government - enforced import tariffs that protected the domestic economy
rejection of the free - trade doctrine, which increased global outsourcing
Globalization involves increased economic integration. Declining trade/investment barriers facilitate cross - border capital flow, a key aspect of globalization. Fortification of barriers (first option) would hinder globalization. Export restrictions (second option) limit product availability globally. Increased tariffs (fourth option) protect domestic economies but slow globalization. Rejection of free - trade (fifth option) contradicts globalization's essence. Only the third option aligns with globalization's promotion of open economic exchange.
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declining barriers to trade and investment that eased the flow of capital throughout the world