how does globalization impact the development of local economies?

Question

a globalization forces local economies to become more diverse so that they can remain self-sufficient
b globalization has led local urban centers to focus on primary industries in order to compete on an international scale
c globalization does not impact local economies since it primarily deals with international trade
d globalization often leads to local economies becoming more specialized, leading to interdependence

Answer 1

The best answer to how globalization impacts the development of local economies is:

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

This option highlights that globalization encourages regions to focus on their comparative advantages, which can lead to specialization in certain industries. This specialization can result in interdependence between local economies and global markets, as local businesses tailor their products or services to meet international demand.