Which statement explains how the US and the Europe emerged as economic centers of globalization

Answer 1

The US and Europe emerged as economic centers of globalization due to their historical influence, advanced infrastructure, strong financial systems, and large consumer markets. They have been able to attract foreign investment, develop multinational corporations, establish networks of trade agreements, and play significant roles in international organizations like the World Trade Organization. Additionally, their emphasis on innovation and technology has allowed them to drive economic growth and compete effectively in global markets.