Question

Which BEST describes the business world in the latter half of the 20th century?




A) Countries became increasingly protectionist.


B) Most continents enacted trade barriers to protect themselves.


C) Transatlantic trade was made irrelevant thanks to the internet.


D) Multinational corporations increasingly controlled the markets.

Answer 1

Answer:

D) Multinational corporations increasingly controlled the markets

Explanation:

In the latter half of the 20th century, the process of globalization started to spread more and more, and as the later stages of the century came, it skyrocketed. The multinational companies used this opportunity where the countries were becoming more connected economically, lifted trade barriers, and started to support foreign investments. Seeing an excellent situation from which they can make lot of wealth, the multinational companies rushed to move their facilities or make affiliations all over the world, and as they did they were becoming more and more competitive on the global market, gradually becoming the dominant force on it.