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Globalization is based on the theory of ?

<p><strong>a) Mixed economy </strong></p> <p><strong>b) Capitalism </strong></p> <p><strong>c) Free trade and comparative </strong><strong>advantage </strong></p> <p><strong>d) Import Substitution</strong></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/10/20
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

c) Free trade and comparative advantage

 

Globalization is defined as a process that, based on international strategies, aims to expand business operations on a worldwide level, and was precipitated by the facilitation of global communications due to technological advancements, and socioeconomic, political and environmental developments.

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

c) Free trade and comparative advantage

Shahan Khan
by Shahan Khan , Officer GSP , WWF-Pakistan (Corporate Relations)

Free Trade + Superior Edge.

Amir khusroo
by Amir khusroo , PROCUREMENT OFFICER , AL RUSHAID PETROLEUM INVESTMENT COMPANY

C) FREE TRADE AND COMPARATIVE ADVANTAGE

FUNDAMENTAL MANTRA - GO GLOBAL AND ACT LOCAL.

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

c) Free trade and comparative advantage.

Open markets with no subsidization.

Ibrahim Hussein Mayaleh
by Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

It is C

LABIB KOOLI
by LABIB KOOLI , Director of the Sectoral Center for Training in Hotel Technologies at Southern Hammamet , Tunisian Vocational Training Agency (ATFP)

By evidence, globalization is based on the theory of  free trade and comparative advantage 

padmakumar pathiyil
by padmakumar pathiyil , Marketing Consultant , Management Consultancy

c) Free trade & comparative advantage. In theory, Free trade and comparative advantage make it possible for humans to produce goods more efficiently, thereby increasing profits as well as general access to commodities for the greatest number of people.

Read more : http://www.ehow.com/about_5373644_comparative-advantage-trade.html

RAJ DAHIYA
by RAJ DAHIYA , Project Manager - Energy Optimization , Siemens

I go with Option C !!

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