Asked by Molly Parker on Jul 03, 2024
Verified
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.
Verified Answer
Learning Objectives
- Understand the effects of globalization and financialization on labor standards, employment, and environmental policies.
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