Globalization: Is the subcontracting of activities to endogenous organizations that had previously been performed within the firm Is the growth of interstate trade, spurred on by the progress toward free-market policies Is the process of social, political, economic, cultural, and technological integration among countries around the world Is the process of a business crossing national and cultural borders

Question

Business

Ashleigh Mcmahon

26 May, 08:41

Globalization: Is the subcontracting of activities to endogenous organizations that had previously been performed within the firm Is the growth of interstate trade, spurred on by the progress toward free-market policies Is the process of social, political, economic, cultural, and technological integration among countries around the world Is the process of a business crossing national and cultural borders

+3

Answers (1)

Know the Answer?

Jessica Goodwin · Answer 1

The correct answer is: the process of social, political, economic, cultural, and technological integration among countries around the world.

Explanation:

Globalization can be defined as the process of integration of countries worldwide. This integration is in terms of social, political, economic, cultural and technological aspects.

Globalization is often confused as the process of increase in international trade globally. But in fact, it involves a number of aspects other than trade.

It is attributed by an increase in the cross border trade in goods and services, technology, flow of capital, information, and people.