Question

Globalization has

Question 19 options: created the emergence of intra-industry trade. led to the decline to trade barriers. increased the opportunities for a firm to expand its revenue by selling around the world. All of the above. (a) and (c)

Answer 1

The correct answer is:

All of the above.

Globalization has far reaching impact on the trade and commerce of all the countries across the globe. The world has become one integrated market place.

1. Countries are importing as well exporting goods in the same industry. India, say for an example, is an importer of oil as well as exporter. Thus intra industry trader has emerged and strengthened due to globalization.
2. Due to globalization, countries have indeed reduced trade barriers and opened up their economy for foreign participation. This has led to significant growth in trade between the countries.
3. A company is now free to exploit opportunities in foreign countries and expand its operations beyond its domestic presence.

Thus all the options given are correct.