What is implied by the fact that in today’s marketplace, the volume of world trade has been growing faster than world GDP? more companies are relying on domestic firms to obtain parts of their production process the economies of the world’s nation-states are becoming less intertwined more companies are dispersing parts of their production process to locations around the globe the world has experienced a loss of overall wealth in the last two decades more countries are imposing trade barriers to minimize competition

The correct answer is: more companies are dispersing parts of their production process to locations around the globe.

Explanation:

It is correct to say that the volume of world trade in the current market has been growing faster than world GDP due to the fact that globalization is a phenomenon that has narrowed trade relations between countries due to greater ease of communication and reduced transport costs. .

Therefore, nations are becoming more interconnected due to the union of a global market that reduces the commercial borders between countries and makes them increasingly dependent for the commercial transaction of products and services.

There are several benefits added to globalization, such as developing countries and markets, increasing jobs, and the possibility of reducing production costs using the strategy of transferring parts of the production process to countries with cheaper labor and less bureaucratization, in order to reduce costs and increase product quality.

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