Long Answer (30 points): Select one of the following prompts and write a detailed and wellorganized answer. Your answer should be around 300 words. Option 1 Pros and Cons oi Globalization Globalization of both markets and production has been a dominant force in the global business environment for over thirty years. It has undoubtedly led to a signicant expansion in global trade and helped numerous countries develop their economies. In recent years serious questions have been raised about the costs of globalization, and the impact on groups (people and countries) that have been left behind. Discuss the criticisms of globalization and provide your own opinion as to whether these criticisms are justified. In your answer, reference ideas and examples from topics covered in this course. Option 2 China's State-Directed Economic Development It was long thought that democracy, capitalism, and individualism went hand in hand with economic development. China however has proven that this is not necessarily the only way to achieve economic growth and development. Compare and contrast the political, legal, and economic systems of the US and China. In your view, is China's economic model sustainable? Why or why not? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I U 8- Paragraph V Arial V 'lOpt V :E V '55 V A V i V .7; ES IT] Q (=) (9 "