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Question
place the events that led to the creation of the global economy in order, starting with the first at the top.
instructions
technology advancements helped create a global economy.
nations began deregulating their economies.
the volume of free trade increased.
large multinational corporations rose to prominence in the economy
This is a chronological ordering of events leading to the global economy. First, nations reduced regulatory barriers to trade. This deregulation allowed for more cross-border exchange, increasing free trade volume. As trade grew, large multinational corporations expanded their global operations. Finally, technological progress further enabled and solidified the global economic system.
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- Nations began deregulating their economies.
- The volume of free trade increased.
- Large multinational corporations rose to prominence in the economy.
- Technology advancements helped create a global economy.