The world economy is globalizing at an accelerated pace because
A. countries that previously had market or mixed economies now embrace planned economies.
B. growth-minded companies are racing to build stronger competitive positions in the markets of more countries.
C. countries opposed to market or mixed economies have erected more stringent trade barriers.
D. countries previously open to foreign companies have closed their markets.
E. information technology is exacerbating the importance of geographic distance.
Answer: B
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Indicate whether the statement is true or false.
With a 2013 GNI per capital of $1,570, India has transitioned out from the former category and now is classified as a(n):
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