Which of the following statements is true about the global changes in

QUESTION

Which of the following statements is true about the global changes in political and economic systems?

A. The West lost the Cold War, and East European communist ideology is now widespread.

B. A lack of deregulation has been the cause for the global financial crisis of 2008-2009, and the recession that followed.

C. It is guaranteed that democracy will thrive in most of the world’s newer democratic states.

D. The multipolar world dominated by a number of civilizations of the Cold War era has vanished, and is now being replaced by a bipolar world.

E. Many of the undeveloped and impoverished national markets of eastern Europe, Latin America, Africa, and Asia are potentially enormous for international business.

ANSWER

E
For nearly 50 years, half of the world was off-limits to Western businesses. Now much of that has changed. Many of the national markets of eastern Europe, Latin America, Africa, and Asia may still be undeveloped and impoverished, but they are potentially enormous.