chap 1 Flashcards
(5 cards)
1
Q
what is globalization?
A
the integration of markets, tech, and cultures globally
2
Q
what is NOT a driver of globalization?
A
increased tariffs and trade barriers
3
Q
what best describes economic globalization?
A
integration of trade, investment, and financial markets worldwide
4
Q
what is 1 major criticism of globalization?
A
it leads to cultural homogenization
5
Q
which international institution is primarily responsible for managing global trade agreements?
A
world trade organization (WTO)
