The Reason the World Economy Is Globalizing at an Accelerated

Multiple Choice

The reason the world economy is globalizing at an accelerated pace is because:

A) countries previously open to foreign companies have closed their markets.
B) countries that previously had market or mixed economies now embrace planned economies.
C) information technology expands the importance of geographic distance.
D) growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
E) countries opposed to market or mixed economies have stringent trade barriers in place.