What is an effect of increased globalization?

Prepare for the UCF GEB3375 Intro to International Business Exam 2. Enhance your skills with multiple-choice questions, detailed explanations, and strategic tips. Boost your confidence and excel on your exam day!

Increased globalization fosters enhanced cultural exchanges by facilitating interactions among people from different countries and cultural backgrounds. This interconnectedness leads to the sharing of ideas, traditions, practices, and products, allowing for a greater appreciation of diversity and cultural understanding. As businesses and individuals engage across borders, cultural influences blend, leading to new forms of art, cuisine, and social practices that might not have been possible in a more isolated environment.

By contrast, the other options present effects that do not align with the typical outcomes of globalization. For instance, while globalization often expands the availability of goods from around the world, it does not tend to reduce it. Rather, consumers often have access to a broader array of products. Additionally, globalization generally encourages more global coordination rather than localized economic policies, which can still exist but are often influenced by global trends. Lastly, globalization tends to encourage interdependence among nations rather than stronger national independence, as countries become more connected through trade, investments, and cultural exchanges.

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