What is outsourcing in the context of globalization?
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Correct answer: Moving production or services to another country
Outsourcing involves shifting production or services to countries with lower costs. It is a common strategy in a globalized economy.
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More Globalization questions
- Which criticism is often made about globalization?
- What impact has globalization had on labor markets?
- Which region benefited significantly from export-led growth due to globalization?
- What environmental concern is often linked to globalization?
- How did the end of the Cold War contribute to globalization?
- Which financial institution provides loans and economic advice to countries in a globalized economy?