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Chapter 23: Q. 4 (page 575)

In what way does comparing a country鈥檚 exports to GDP reflect its degree of globalization?

Short Answer

Expert verified

When comparing a country's exports to GDP, the percentage measure when positive shows a high degree of globalization and when negative shows a low degree of globalization.

Step by step solution

01

Step1. Introduction

The spread of products, technology, information, and jobs across national borders is called globalization.

02

Step2. Explanation

When comparing a country's exports to GDP, the percentage measure when positive shows a high degree of globalization and when negative shows a low degree of globalization.

The high degree defines that the export ratio is increasing while a low degree defines that the export ratio is decreasing.

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