D270 Exam 1 Questions and elaborated Answers 2023

D270 Exam 1 Questions and elaborated Answers 2023 Globalization - the widening and deepening of interdependent relationships among people from different nations. Globalization enables us to get more: - Variety, better quality, or lower prices. Although hard to measure, globalization: - Has been growing, is less pervasive than generally thought, has economic and noneconomic dimensions, and is stimulated by several factors. Factors of globalization – -Size of countries -Per capita incomes -Variance among globalization aspects What factors have contributed to the growth of globalization in recent decades? Most analysts cite the following interrelated factors: - Rise in and application of technology Liberalization of cross-border trade and resource movements Development of services that support IB Growth of consumer pressures Increase in global competition Changes in political situations and government policies Expansion of cross-national cooperation