Identify the correct statements about globalization. i. removal of barriers by the government ii. foreign companies are allowed to set up factories iii. has enabled all companies to increase their investments iv. has lessened foreign investment and foreign trade

Summary. As the coronavirus swept the world, closing borders and halting international trade and capital flows, there were questions about the pandemic’s lasting impact on globalization. But a close look at the recent data paints a much more optimistic picture. While international travel remains significantly down and is not expected to rebound until 2023, cross-border trade, capital, and information flows have largely stabilized, recovered, or even grown over the last year. The bottom line for business is that Covid-19 has not knocked globalization down to anywhere close to what would be required for strategists to narrow their focus to their home countries or regions. Cross-border flows The Covid-19 pandemic is not likely to send the world’s level of globalization below where it stood during the 2008-09 global financial crisis (the worst setback for international The only part of the index showing an unprecedented collapse due to Covid-19 is people flows. Trade has rebounded strongly, capital flows are recovering, and digital information flows have surged. Consider the business implications of developments in each of these four areas: 1. Trade Flows The rebound of world trade has surpassed even the most optimistic The trade turnaround should put to rest the idea that Covid-19 is the last straw for Expect supply chain shifts to 2. Capital Flows Cross-border investment flows were hit even harder than trade by Covid-19. Investors withdrew International corporate investment,...

Identify the correct statements about globalization. I. Removal of barriers by the government II. Foreign companies are allowed to set up factories III. Has enabled all companies to increase their investments IV. Has lessened foreign investment and foreign trade A. I &II B.II & III C. I & III D. II & IV

I & II Explanation: • Governments remove barriers to efficient global trade as a result of globalization. • Globalization enables foreign companies to establish factories all over the world. • Foreign investment policies enabled multinational corporations to increase their investments. • Import trade barriers reduce foreign investment and foreign trade. Thus, Options I & II are correct.