Which of the following is false about the globalization process? A. Foreign nations have privatized their...
Which of the following is false about the globalization process?
A. Foreign nations have privatized their state-owned enterprises and deregulated markets increasing competition.
B. Generally favorable political and economic trends have driven globalization.
C. Globalization has led to an increase in protective regulatory and administrative in foreign countries.
D. While many workers in the manufacturing industries worried about the impact of foreign competition, the service industry is more secure.
Homework Answers
Answer - Option C
Globalisation has led to the increase in protective regulatory and administrative policies in foreign countries.
This statement is false because the reality is just opposite. The regulation have been eased up thus speeding up the growth of the globalisation.
The other options are correct with respect to globalisation.
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