how has globalization made countries more interdependent? choose five answers. countries now rely on one another for vital resources. countries now rely on each other for new industries. countries now rely on one another for chances to import and export. countries now rely on one another to lower their gdp. countries rely on each other for cheaper products. countries now rely on one another for an employment base.
How has globalization made countries more interdependent?
Answer:
Globalization has significantly increased the interdependence among countries in various ways:
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Countries now rely on one another for vital resources: Globalization has led to countries depending on each other for essential resources like oil, minerals, and agricultural products. This interdependence has created intricate supply chains that connect countries economically.
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Countries now rely on each other for new industries: Globalization has facilitated the spread of industries across borders. Countries often collaborate to develop and grow new industries, sharing technological advancements and knowledge for mutual benefit.
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Countries now rely on one another for chances to import and export: Globalization has expanded international trade opportunities, making countries reliant on each other for importing goods they cannot produce efficiently and exporting their own products to global markets to boost their economies.
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Countries now rely on one another for cheaper products: Globalization has enabled countries to access cheaper products through international trade. Nations often rely on each other to obtain cost-effective goods, which can benefit consumers and businesses by offering more affordable options.
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Countries now rely on one another for an employment base: Globalization has created global labor markets where countries rely on each other for human resources. Companies may establish operations in multiple countries, leading to job creation and skill sharing across borders, enhancing the interconnectedness of national economies.