How does globalization impact the development of local economies?(1 point)

Question

Responses

Globalization does not impact local economies since it primarily deals with international trade.
Globalization does not impact local economies since it primarily deals with international trade.

Globalization forces local economies to become more diverse so that they can remain self-sufficient.
Globalization forces local economies to become more diverse so that they can remain self-sufficient.

Globalization has led local urban centers to focus on primary industries in order to compete on an international scale.
Globalization has led local urban centers to focus on primary industries in order to compete on an international scale.

Globalization often leads to local economies becoming more specialized, leading to interdependence.
Globalization often leads to local economies becoming more specialized, leading to interdependence.

Answer 1

Globalization often leads to local economies becoming more specialized, leading to interdependence.