Businesses can use globalization to their advantage by


Asked by maham237 @ in Social Studies viewed by 318 People


- creating trade barriers to other countries.
- reducing exports to other countries.
- finding customers in other countries.
- insourcing jobs in other countries.

Answered by maham237 @



Globalization can be understood as the interaction of three distinct processes that characterize recent trends in relations between countries.

The first process refers to the internationalization of production, which occurs whenever residents of one country have access to goods or services originating in another country. The second process is manifested by the greater contestability of the international market, in other words, by a of international competition. Finally, the third process is defined by the increased interdependence between national economic systems.

Otherwise, Globalization is an irreversible process that has integrated the global economies, opening space for transnational companies to sell their products in the markets of other countries. However, competition and dependence between economies have also increased.

Thus, the correct answer is the third (C).


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