Question

Globalization creates interdependencies, requires transparency, necessitates that business people understand the ideal goal of having a seamless international marketplace, and involves blending and merging of various cultures.

Ture or false?

Answer 1

True.

• The term Globalization describes how the economies have become more and more interdependent on each other with the trade becoming more open among all the region's of the world.
• It requires transparency as most of the countries market's open their trade to other nation's.
• It also requires having a seamless international marketplace where various culture's, beliefs, religion blend with each other as globalization describes the interaction of various firms, customer's, businesses etc in the international market.