What is an example of a country that benefits from globalization ........

Geography (CUET) Transport, Communication and Trade

Globalization has transformed international trade by removing trade barriers, increasing market access, and improving supply chains. Many countries specialize in specific industries and export goods to meet global demand. However, globalization has also created trade imbalances, where some nations export more than they import, leading to economic disparities.

What is an example of a country that benefits from globalization?

China

North Korea

Afghanistan

Greenland

छोटे Courses बड़े Results

Master Transport, Communication and Trade

Prepare through Micro-courses

Try Now

Explanation:

- Globalization has transformed international trade by making it easier for countries to exchange goods and services through reduced trade barriers and enhanced supply chains.

- Many countries specialize in specific industries to take advantage of comparative advantages, which allows them to efficiently produce and export goods worldwide.

- Trade imbalances occur when a country exports more than it imports, which can lead to economic disparities.

- China benefits significantly from globalization, becoming a leading exporter and a major player in global trade.

- North Korea, Afghanistan, and Greenland do not significantly benefit from globalization due to geopolitical, economic, or geographic limitations.

Option 1 - China