Asked by Molly Parker on Jul 03, 2024

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Globalization and financialization are facilitated by:

A) International Labor Standards
B) corporate codes of conduct and the labor movement
C) tariffs and quotas
D) free-market public policies and advances in information technology

Globalization

The process by which businesses, cultures, and national borders become more interconnected and interdependent, often through increased trade and communication.

Financialization

The growing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, shaping social and economic policies.

Free-Market Public Policies

Policies that advocate for minimal governmental intervention in the economy, emphasizing the role of market forces in allocating resources.

  • Understand the effects of globalization and financialization on labor standards, employment, and environmental policies.
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JB
Jaqueline Basurto6 days ago
Final Answer :
D
Explanation :
Globalization and financialization are mostly facilitated by free-market public policies and advances in information technology that allow for easier communication and movement of capital across borders. Tariffs and quotas limit this process, while international labor standards and corporate codes of conduct focus more on ethical behavior within businesses.