Why has economic globalization increased in recent years?

Question

Responses

reduction of trade barriers
reduction of trade barriers

modernization of developing cultures
modernization of developing cultures

increased foreign direct investment
increased foreign direct investment

all of the above
all of the above

Answer 1

All of the above reasons have contributed to the increase in economic globalization in recent years. The reduction of trade barriers, such as tariffs and quotas, has facilitated the flow of goods and services across borders. The modernization of developing cultures has opened up new markets and opportunities for international trade. Increased foreign direct investment has encouraged the expansion of multinational corporations and the integration of economies. These factors have collectively contributed to the growth of economic globalization.