Final answer:
The incorrect characteristic of the global economy is c. the increased use of tariffs to protect industries. Instead, globalization typically leads to reduced trade barriers and enhanced international cooperation, spearheaded by the influence of multinational corporations and driven by international trade.
Step-by-step explanation:
The characteristic of the global economy that does not fit is c. the increased use of tariffs to protect industries. In actuality, globalization is defined by an array of phenomena, most notably the increased movement and integration of goods, services, people, and ideas across international borders. This trend encompasses the expanding cultural, political, and economic connections between people around the world, facilitating international trade and financial capital flows.
Globalization has been a significant part of history, with societies from ancient Greece to the Mongol Empire engaged in international trade. The Industrial Revolution and the advances in technology post-World War II further accelerated this process. Today, multinational corporations play a crucial role in the global economy, conducting business without regard to national borders and amassing wealth from a variety of nations, thus driving globalization even further.
Despite the general trend towards reducing barriers to trade, some critics express concern over the influence of international corporations and the potential for entities to carry too much power, potentially leading to policies that may not always benefit local populations. Contrary to the notion of increasing tariff use, today's global economy tends to favor lesser restrictions and more free trade agreements to bolster international cooperation and economic growth.