Which term refers to the spread of economic linkages and interdependence across borders?

Which term refers to the spread of economic linkages and interdependence across borders?

• A. Economic Integration
• B. EU
• C. Globalization
• D. Free Trade

Answer: (C)

Globalization describes the spread of economic linkages and interdependence across borders. It means economies become more connected through growing trade, investment, technology, information, and even people moving across countries. This interconnected web is driven by fewer barriers to exchange, improvements in transportation and communication, and coordinated policies, creating a world where events in one place can ripple across many others. Economic integration is about the process of reducing barriers and coordinating policies, but usually within a regional group rather than worldwide. The EU is an example of such regional integration, not the global phenomenon itself. Free trade is a policy that removes tariffs and other barriers to trade, helping facilitate globalization, but by itself it’s only one mechanism. Globalization best captures the broad spread of cross-border economic activity and interdependence across the globe.

Globalization describes the spread of economic linkages and interdependence across borders. It means economies become more connected through growing trade, investment, technology, information, and even people moving across countries. This interconnected web is driven by fewer barriers to exchange, improvements in transportation and communication, and coordinated policies, creating a world where events in one place can ripple across many others.

Economic integration is about the process of reducing barriers and coordinating policies, but usually within a regional group rather than worldwide. The EU is an example of such regional integration, not the global phenomenon itself. Free trade is a policy that removes tariffs and other barriers to trade, helping facilitate globalization, but by itself it’s only one mechanism. Globalization best captures the broad spread of cross-border economic activity and interdependence across the globe.