Question

What is the shift toward a more integrated and interdependent world economy called? O International trade Foreign direct investment O Globalization O Moore's Law O Containerization

Answer 1

The shift toward a more integrated and interdependent world economy is called "Globalization".

Many of the products we use are made by multinational companies that produce and sell without regard for national boundaries.

Everyone wants to sell to the largest population in the world. so many multinational companies moving their Production facilties to the countries where production cost is on lower side and because of lower production costs, consumers need to pay lower prices for this products.

In past few decades, there is Growing Interdependence of the Globe Market on each other.

Over time, we have come to depend on others, and others depend on us for almost everything we do, If there is a breakdown anywhere in the global system, it could effect everyone. For example, if oil imports from the Persian Gulf are halted, industrial output and standards of living all over the globe will suffer.