Civil Services Punjab State Civil Services CCE 2025 General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements regarding Geo-Economic Fragmentation (GEF):
1. GEF refers to a policy-driven reversal of global economic integration, often driven by strategic considerations.
2. GEF is a natural evolution of globalization and has led to a decrease in trade and investment restrictions globally.
3. China is projected to account for 45% of all global manufacturing by 2030, outmatching the US and its allies, as per United Nations Industrial Development Organization.
How many of the above statements are correct?
1
Only one
2
Only two
3
All three
4
None