3 The term “globalization” contains various dimensions. Which of the following is NOT a correct statement pertaining to “globalization”?
(A) Hyper-globalizers tend to believe the European Union will ultimately replace its individual member states.
(B) The extent of integration of major contemporary global economies is not higher than that prior to the First World War.
(C) Sceptics tend to believe there would be a retreat of nation states.
(D) Nowadays, the North-South gap in terms of development and wealth is growing, not narrowing.