Question

The past two decades of globalization have seen rapid movements in:

(a) Goods, services, technology, and investments between countries.
(b) Goods, services, and people between countries.
(c) Goods, investments, and people between countries.
(d) None of the above

Answer 1

The correct answer to the question is (a) Goods, services, technology, and investments between countries, which covers the essential components of globalization in the past two decades.

Step-by-step explanation:

The past two decades of globalization have indeed seen rapid movements in various domains across countries. The correct answer to the question would be (a) Goods, services, technology, and investments between countries. This encompasses the increased buying and selling of goods and services, sharing of technology, and financial capital flows, including investments.

Advances in transportation and technology have reduced costs and enabled faster and more efficient communication, trade, and investment. Globalization is catalyzed by factors such as improvements in shipping, air cargo, computing, and telecommunications. Moreover, digital goods such as computer software, media content, and professional services have added to the stream of cross-border trade facilitated by the internet and digital networks.

Furthermore, international agreements and treaties have significantly contributed to the rise of globalization by encouraging and fostering inter-country trade and exchange.