Economic globalization refers to the increasing interconnectedness and interdependence of economies worldwide. Which of the following factors has NOT significantly contributed to the process of economic globalization? - Study24x7
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Dev kumar
02 Jul 2024 12:20 PM study24x7 study24x7

Economic globalization refers to the increasing interconnectedness and interdependence of economies worldwide. Which of the following factors has NOT significantly contributed to the process of economic globalization?

A

Advances in telecommunications and information technology, facilitating rapid communication and transactions across borders.

B

Trade liberalization policies, such as the reduction of tariffs and barriers to international trade.

C

Protectionist measures aimed at restricting foreign competition and promoting domestic industries.

D

Increased mobility of capital, allowing for investment and financial transactions to occur on a global scale.

UPSC
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