Question

Read the given statements and choose the correct option . 1

A. Globalization has been the only way for economic development of a country

B. Regional trade blocks has promoted the process of globalization.

C. Liberalization and privatization has been the main pillars of globalization

D. Trade barriers are good for spreading the benefits of globalization across regions​

Answer 1

Answer:

Option-D is the correct answer

Answer 2

Option “A” is correct i.e., globalization has become the only way for the economic development of the country.

• Globalization has a constructive influence on the growth of the economy. Globalization is expanding living standards and reducing extreme scarcity across the world.

• Globalization objects to benefit individual economies around the world by making markets more well-organized, increasing competition, limiting military fights, and dispersion of wealth more equally.

Hope it helped...