Which statements describe the influence of globalization on most economies? check all that apply.
most countries are increasingly specializing production.
most countries are becoming more interdependent.
most countries are experiencing unchanging amounts of exports and imports.
most countries are increasingly influenced more on the foreign sector.
most countries are relying less and less on international trade.

As a result of globalization, we are observing that:

As a result of globalization, countries are able to specialize on a few goods that they are better at producing because they are able to buy other goods from other countries.

Countries are therefore increasingly interdependent because they rely on each other to produce the goods that they cannot. This is why a lot of countries are now heavily influenced by the foreign sector where they import goods from.

In conclusion, globalization has changed the way countries operate.

Find out more on globalization at link.

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