Question

In the new global economy, an increasing proportion of influential financial decisions are being made in

A. major corporate centers such as New York, London, and Tokyo
B. regional centers and small towns where fax machines are used
C. national capitals because of the increasing importance of the nation state
D. the informal sector
E. the field, close to the sources of agricultural production

Answer 1

A. major corporate centers such as New York, London, and Tokyo

Step-by-step explanation:

In a connected global economy, financial decisions are often made in major corporate centers such as New York, London, and Tokyo because these cities have established themselves as centers of finance and commerce. These cities have a concentration of financial institutions, such as banks, stock exchanges, and investment firms, as well as a skilled workforce with expertise in finance and other related fields. In addition, these cities often have strong legal frameworks and regulatory systems in place to support and facilitate financial transactions.

As a result, many companies and investors choose to locate their operations in these major corporate centers in order to have access to the resources, expertise, and infrastructure that they need to make informed financial decisions. This concentration of financial activity in major corporate centers can also create positive feedback loops, as the presence of a large number of financial institutions and investors can attract even more companies and investors, further strengthening the position of these cities as global financial centers.