What is the process by which goods, services, capital, people, information, and ideas flow across national borders?

Question

BlackTom AI · Accepted Answer

To unpack the concept in this question, we examine what each term means in the context of cross-border activity.
Option 1: Protectionism. This term refers to policies that restrict imports or shield domestic industries through tariffs or quotas. It describes barriers to cross-border flows rather than the overall process of flows themselves, so it is not the best description of the general process asked about here.
Option 2: Globalization. This is the process by which goods, services, capital, people, information, and ideas move across national borders and are interconnected worldwide. It directly matches the description in the question, making this option the correct characterization of the phenomenon.
Option 3: Nationalization. Nationalization involves the government taking control of private assets within a country, or transferring ownership to the state, which does not describe cross-border flows of goods, services, and other factors as asked.
Option 4: Economic analysis. This refers to the study or assessment of economic data and theories and is a methodological activity rather than the actual process of cross-border flows described in the question.

What is the process by which goods, services, capital, people, information, and ideas flow across national borders?

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