Question

Which of the following is true of semiglobalization?

a. It is a type of globalization that adopts a strategy of treating the entire world as one market.
b. It is a type of globalization that lies between total isolation and total globalization.
c. It is a form of globalization that treats each country as a unique market.
d. It is a form of globalization that considers each nation in isolation when conducting business.

Answer 1

The answer is: B) It is a type of globalization that lies between total isolation and total globalization.

Step-by-step explanation:

Semi-globalization is a term that tries to explain how the world is becoming one single market (globalization) but at the same time barriers still exist and are very significant in different markets.

A few years ago this term was used to describe situations that arouse in emerging markets, where governments were trying to protect internal markets while trying to export their goods to developed countries.

Now it has become more common for developed countries to try to set entry barriers for foreign products but at the same time expect other nations to receive their products freely. E.g. Trump's trade war with China or the Brexit.