Which process involves increasing global economic integration and interdependence?

Which process involves increasing global economic integration and interdependence?

• A. Globalisation
• B. Privatisation
• C. Deregulation
• D. EMU

Answer: (A)

Globalisation is the process that describes increasing global economic integration and interdependence. It happens as trade barriers shrink, technology and communications improve, and capital and ideas flow more freely across borders. This leads to multinational production, global supply chains, and interconnected markets where economies depend on each other for goods, services, and investment. Privatisation focuses on selling state-owned assets to private sectors; deregulation reduces rules within markets; EMU involves a common currency and policy coordination within the EU, which is regional rather than worldwide.

Globalisation is the process that describes increasing global economic integration and interdependence. It happens as trade barriers shrink, technology and communications improve, and capital and ideas flow more freely across borders. This leads to multinational production, global supply chains, and interconnected markets where economies depend on each other for goods, services, and investment. Privatisation focuses on selling state-owned assets to private sectors; deregulation reduces rules within markets; EMU involves a common currency and policy coordination within the EU, which is regional rather than worldwide.