Question:medium

Read the following statements for stimulating the process of globalization and choose the correct options:
I. Government reduces trade barriers.
II. Government reduces competition among producers.
III. Government reduces import and export taxes.
IV. Government removes restrictions on foreign investment.

Show Hint

Globalization thrives on liberal economic policies—focus on openness and integration.
Updated On: Feb 6, 2026
  • Only I, II and III are correct.
  • Only II, III and IV are correct.
  • Only I, III and IV are correct.
  • Only I, II and IV are correct.
Show Solution

The Correct Option is C

Solution and Explanation

Globalization is driven by economic openness, including lower trade barriers, reduced import-export taxes, and fewer foreign investment restrictions. Paradoxically, lessening producer competition contradicts globalization's core tenet of fostering competition and market integration.
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