Which of the following statements is a general implication of globaliz

QUESTION

Which of the following statements is a general implication of globalization?

A. Globalization is inevitable.

B. From a purely economic perspective, globalization is all good.

C. Globalization has no negative impacts on the economies of the developed world.

D. Globalization has reduced the risks associated with global financial contagion.

E. As a result of globalization, a severe crisis in one region of the world can affect the entire globe.

ANSWER

E
During 2008-2009 a crisis that started in the financial sector of America, where banks had been too liberal in their lending policies to homeowners, swept around the world and plunged the global economy into its deepest recession since the early 1980s, illustrating once more that in an interconnected world a severe crisis in one region can affect the entire globe.