Question

What has happened recently in the group of countries known as the "new

globalizers"?
A. There has been a big loss of jobs to underdeveloped countries.
B. There has been a dramatic increase in international trade.
C. There has been a slowdown in economic growth rates.
D. There has been an increase in both wealth and poverty.

Answer 1

B. There has been a dramatic increase in international trade.

Step-by-step explanation:

Many developed countries often referred to as the 'new globalisers' have made tremendous progress in maintaining a good place in the world market for manufactured goods and services. The massive increase in manufacturing outsourcing has been an important determinant behind the rapid growth in many export industries of developing nations. Some important common characteristics of the economy of these nations include rapid labor productivity growth, significantly lower unit labor costs, high levels of capital investment, etc.