Question
Download Solution PDFWhat are the drivers of globalization?
a) Population mobility especially of labour
b) Financial flows
c) Exporting
d) Assembly operations
Choose the correct answer from the following
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFDrivers of Globalization:
- Economic globalization stands for the economic interconnectedness of countries with the global economy as a whole.
- This interdependence relates both to the exchange of factors of production (labor, capital, technologies, know-how) and the exchange of products (material goods and services, finished and unfinished products, consumer and capital goods).
Therefore, population mobility especially of labor and Financial flows are important drivers of globalization.
In my opinion, there are three main drivers for economic globalization and its different characteristics such as trade, international capital markets, currency markets, migration, and more:
Last updated on Jun 12, 2025
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