Which of the following points is advocated by the advocates of economic globalisation?
Answer & explanation
Correct answer: option 3
The correct answer is Option 3 - Greater trade among countries allows each economy to do what it does best
Option 1- Stronger Visa policies should be made to ensure better facilities for the citizens of a country.
Option 2- Social safety nets are insufficient or unworkable.
Option 3- Greater trade among countries allows each economy to do what it does best. (answer)
Option 4- All of the above.
Advocates of economic globalisation argue that it generates greater economic growth and well-being for larger sections of the population when there is de-regulation. Greater trade among countries allows each economy to do what it does best. This would benefit the whole world. They also argue that economic globalisation is inevitable and it is not wise to resist the march of history.