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Globalization . . . has manifested itself in the interdependence of financial markets, the increasing role of multinational corporations (MNCs), the transfer of technology, the
Globalization . . . has manifested itself in the interdependence of financial markets, the increasing role of multinational corporations (MNCs), the transfer of technology, the increasing dependence of domestic markets on foreign trade, and the necessary interdependence of monetary, fiscal, and regulatory policy. Adapted from "Globalization, Offshoring, and Multinational Companies: What Are the Questions and How Well Are We Doing in Answering Them?" presented by Ralph Kozlow, U.S. Bureau of Economic Analysis, January 6, 2006 Based on the text, what has been a primary outcome of globalization? E.4.1 Responses the creation of stronger protectionist policies to ensure the strength of domestic trade the creation of stronger protectionist policies to ensure the strength of domestic trade the strong association between international economic policy, technology, and trade the strong association between international economic policy, technology, and trade the movement of countries toward a common currency the movement of countries toward a common currency the abolition of the gold standard in a free market the abolition of the gold standard in a free market
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