Final answer:
In the 20th century, U.S. economic integration was at 11%, and today it is at 32%. Botswana, as a smaller country, has 97% of its economy tied to trade. Economic integration includes complex aspects like trade policy.
Step-by-step explanation:
The question pertains to the degree of economic integration experienced in the 20th century as compared to the present day. In the context of the United States, in 1970, imports and exports were equivalent to 11% of the country's GDP, representing the economic integration of that era. Today, this figure has grown significantly, with imports and exports comprising 32% of U.S. GDP.
Despite this growth, the U.S. remains less economically integrated in international terms when compared to smaller countries, like Botswana, which has 97% of its economic activity tied to trade according to the World Bank. Beyond the U.S., the discussion of economic integration includes diverse aspects such as trade policy, which consists of regulations and strategies employed by nations to manage their international trade, reflecting the complexity and controversy surrounding global economic integration. Economic integration refers to the process of countries coming together and forming closer economic ties. It can include the reduction of trade barriers, the creation of common markets, and the coordination of economic policies.