Question

Which of these events are credited with setting up the conditions by which the global economy - goods, people, and money moving freely throughout the world - could flourish? (Check all that apply.)

1. Asian countries opening their economies to foreign investors
2. The fall of the Berlin Wall = The worldwide trend of governments deregulating their economies

Answer 1

The global economy benefited from Asian countries opening to foreign investors, the fall of the Berlin Wall, and worldwide economic deregulation, supported by technological advancements boosting trade, investment, and human capital development.

Step-by-step explanation:

The events credited with setting up conditions for a flourishing global economy, in which goods, people, and money move freely around the world, include:

1. Asian countries opening their economies to foreign investors, which helped integrate them into the global financial system and allowed for dramatic economic growth, albeit with the associated risks as seen during the Asian Financial Crisis.
2. The fall of the Berlin Wall, symbolizing the end of communism in Eastern Europe, followed by the dissolution of the Soviet Union, leading to a rise in liberalization and market-oriented reforms that fostered international trade and investment.
3. The worldwide trend of governments deregulating their economies, which facilitated the flow of goods, services, and capital across borders and supported the integration of markets into a single world market.

Moreover, technological advancements have propelled the investment in education and other forms of human capital development, contributing to the growth and integration of the global market.