Which of the following are strengths of Globalization? Promotes free trade of goods and services among…
Proponents of globalization highlight its strengths in promoting cross-border free trade in goods and services (A), integrating and strengthening market economies in…
Choose your answer
Which of the following are strengths of Globalization?
- Promotes free trade of goods and services among the nations.
- Strengthens the market economies of the developing world.
- Promotes socio-economic interactions between the countries.
- Increases economic disparities between rich and poor.
- It does not promote human and cultural interaction between the nations.
Answer and explanation
Correct answer A
Proponents of globalization highlight its strengths in promoting cross-border free trade in goods and services (A), integrating and strengthening market economies in developing countries (B), and expanding transnational socio-economic interactions (C), whereas rising economic inequality is a criticism of globalization and statement (E) is false.
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UGC NET Political Science