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WGU Global Economics for Managers Exam - Topic 4 Question 7 Discussion

Which statement describes one of the three views of globalization?
B) Globalization is a new force sweeping through the world in recent times.
A) Globalization is a long-awaited solution to worldwide problems.
C) Globalization is an invested agreement to prevent international wars.
D) Globalization is a threat to product quality and technological innovation.

WGU Global Economics for Managers Exam - Topic 4 Question 7 Discussion

Actual exam question for WGU's Global Economics for Managers exam
Question #: 7
Topic #: 4
[All Global Economics for Managers Questions]

Which statement describes one of the three views of globalization?

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Suggested Answer: B

Globalization can be viewed from different perspectives. One view treats globalization as a relatively new force that has intensified in recent decades due to major advances in technology, transportation, communication, global finance, and international trade liberalization. This view emphasizes that modern globalization is different from earlier cross-border exchange because firms, consumers, capital markets, and supply chains are now connected at much greater speed and scale. Option B is correct because it captures the ''recent force'' view of globalization. Option A is too idealistic because globalization creates both benefits and costs. Option C is incorrect because globalization is not primarily an agreement to prevent wars. Option D is also incorrect because globalization often increases innovation through competition and knowledge transfer.

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Alpha
10 hours ago
I think I remember that globalization can be seen as a new force, so maybe option B is correct?
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Gianna
6 days ago
I’m torn between A and B; I know we talked about different perspectives, but I can't remember which one was emphasized more.
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Lenna
11 days ago
I vaguely recall a practice question about globalization being a solution to problems, but that seems too simplistic.
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Earlean
16 days ago
I feel like option D might be right because we discussed how globalization can impact product quality negatively in class.
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Eden
2 months ago
I think I remember that globalization can be seen as a new force, but I'm not entirely sure if that's the best answer.
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