Impact of Globalization on the U.S. Economy

Since the 1980s, the world has experienced significant increases in the movement of goods, services, and information between countries. This increased interaction is often referred to as globalization. Globalization has influenced various aspects of society, including economics, politics, culture, and technology. A major milestone in globalization was the establishment of international trade agreements that paved the way for more interconnected economies.

Which of the following best describes the impact of globalization on the United States since 1980?