Question: 8. 'Arguments against globalization now seem to be winning. Particularly following the 2020-21 pandemic and economic crises, countries and international businesses are increasingly experiencing the

8. 'Arguments against globalization now seem to be winning. Particularly following the 2020-21 pandemic and economic crises, countries and international businesses are increasingly experiencing the disadvantages.' Assess this statement as follows, using illustrative examples: a) What have been the major long-term trends towards globalization? (8 marks) b) Why have countries been taking protective measures against globalization and international trade in recent years? (5 marks) c) What risks explain why many international businesses have been refocusing on regional and domestic markets? (8 marks) d) Assess whether these more recent trends support Ghemawat's contention that 'distance still matters'? (4 marks)

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