C. It furthers the globalization process of the global economy and accelerates global interdependence.
A country with a transitional economy is typically in the process of transitioning from a centrally planned economy to a more market-oriented one. This can lead to increased integration with the global economy as the country opens up its markets, deregulates industries, and attracts foreign investment. As a result, the country becomes more interconnected with the global economic system, contributing to the overall process of globalization.
Additionally, as the country integrates more with the global economy, it becomes more interdependent with other countries. This increased interdependence can lead to the sharing of resources, technology, and information, further deepening the globalization process. Overall, a country with a transitional economy can play a significant role in advancing globalization and fostering global economic integration and interdependence.
Explain the effect of a country with a transitional economy on the globalization process.
A. It furthers the presence of mixed economic systems across the world.
B. It leads to more countries with command economies and negatively impacts the transition towards globalization.
C. It furthers the globalization process of the global economy and accelerates global interdependence.
D. It furthers the globalization process of the global economy but decelerates global interdependence.
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