Globalization of the last thirty or fourty years is characterized by a significant increase in all of the following except:

a. the importance of local communities and national governments.

Explanation:

Globalization of the last thirty or fourty years is characterized by a significant increase in all of the following except for the importance of local communities and national governments. This is due to the fact that local communities and national governments need to focus first and foremost on the issues within their borders and not globalization. That is why transnational economic strategies, rules and organization take precedence in Globalization.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.