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What is the integration between countries through foreign trade and investments by multinational companies known as?
A
Nationalization
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B
International trade
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C
Globalization
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D
Foreign investment
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Solution
The correct option is C Globalization According to the International Monetary Fund, globalization is the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, capital flow, and rapid and widespread diffusion of technology.