In place of the welfare state, the prime determinant of economic and social priorities becomes:
AThe army
BThe church
CThe village
DThe market
Answer & Solution
Correct answer: D. The market
1. Multinational companies gain a larger role.
2. The market decides priorities.
3. Governments lose decision-making capacity.
_Source: syllabus Contemporary World Politics, Chapter 9, Globalisation._
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