Question

Explain the effect of a country with a transitional economy on the globalization process.(1 point) Responses It furthers the globalization process of the global economy and accelerates global interdependence. It furthers the globalization process of the global economy and accelerates global interdependence. It furthers the presence of mixed economic systems across the world. It furthers the presence of mixed economic systems across the world. It leads to more countries with command economies and negatively impacts the transition towards globalization. It leads to more countries with command economies and negatively impacts the transition towards globalization. It furthers the globalization process of the global economy but decelerates global interdependence.

Answer 1

A country with a transitional economy can have a significant impact on the globalization process. By transitioning from a command economy to a mixed economy, it opens up its markets to international trade and investment, furthering the globalization of the global economy. This can lead to increased economic growth and development, as well as greater interconnectedness with other countries.

Additionally, a transitional economy can accelerate global interdependence by creating partnerships and alliances with other countries, fostering international cooperation and collaboration. This can lead to the exchange of ideas, technology, and resources, furthering the integration of the global economy.

Overall, a country with a transitional economy can play a crucial role in advancing the process of globalization and promoting greater interconnectedness and cooperation among nations.