According to the material, which characteristics describe the most highly globalized countries?

• A. Large economies with limited trade
• B. Countries with low per capita income
• C. Isolated economies
• D. Small with high per capita income and lots of imports

Answer: (D)

Globalization is about how open an economy is to international trade, investment, and information flows. The traits of the most highly globalized countries show up when a country is small in size, has a high income per person, and engages in a lot of imports. The small domestic market means the country relies on goods and services from around the world, linking it deeply to global markets, while high per-capita income reflects the wealth and advanced industries that support extensive international activity. So, a small economy with high per-capita income and lots of imports best captures what globalization looks like in practice.

In contrast, a large economy with limited trade isn’t playing as much in global networks; a country with low per-capita income suggests less wealth and typically less global integration; and an isolated economy restricts cross-border ties, which runs counter to high globalization.