Question

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

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

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. (Option 4)