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2 Apr 2019

In World 3.0, local needs and priorities are largely ignored compared to the economic gains

from global integration.

A) True

B) False

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Related questions

  1. What are some of the gains from economic integration and globalization which serve to justify the continuance of these trends?
  2. What are some of the key problems that are generated from the widening gap between the have's and the have-nots of the world?
  3. How should a serious examination of the global economic system address these problems?

Which of the following is true with regard to regional economic integration?

A. Agreements designed to promote freer trade within regions have failed to produce gains from trade for all member countries.

B. World Trade Organization members are not required to notify the organization of any regional trade agreements in which they participate.

C. Regional economic integration is good for consumers because it lowers prices.

D. Regional economic integration benefits producers because they do not have to adapt to a more competitive environment.

E. The movement toward regional economic integration been most successful in Asia.

The supporters of globalization would argue that the integration of Kenya's flower growers into the global market has a positive impact on Kenya's domestic economy and the world economy as a whole due to the following factors.

A. Lower flower world prices.

B. Greater efficiency of resource use.

C. New jobs in the local community.

D. Improved Kenya's development.

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