Globalization Today and Post-World War II: Drivers and Key Aspects

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Questions and Answers

Which factor has been a key driver of globalization post World War 2?

  • Technological progress and innovations (correct)
  • Environmental movements
  • Political conflicts and tensions
  • Economic isolationism

What is one of the effects of trade liberalization as mentioned in the text?

  • Reduced global capital flows
  • Stagnation in world GDP
  • Decreased fragmentation of production processes
  • Increased international cooperation (correct)

Which policy became less restrictive post World War 2, promoting globalization?

  • Tariff policy
  • Trade embargo policy
  • Migration policy (correct)
  • Monetary policy

What type of trade is exemplified by Japan selling cars to Europe and Europe selling cars to Japan?

<p>Intra-industry trade (A)</p> Signup and view all the answers

Why have very large capital flows occurred among High-Income Countries according to the text?

<p>Risk sharing motive (B)</p> Signup and view all the answers

What were some of the characteristics of pre-1914 globalization according to the text?

<p>Great specialization in goods markets and developmental finance in capital markets (C)</p> Signup and view all the answers

What contributed to the undoing of pre-1914 globalization according to the text?

<p>WW1, Great Depression, and WW2 (D)</p> Signup and view all the answers

Which historical period saw the Dutch trading empire and Iberian empires flourish?

<p>Early modern period (A)</p> Signup and view all the answers

What were some of the factors that put brakes on re-globalization post-1945 according to the text?

<p>Capital controls and decolonization (A)</p> Signup and view all the answers

Which historical period saw the silk roads connecting the Mediterranean and Far East?

<p>Antiquity (C)</p> Signup and view all the answers

What played a significant role in facilitating mass migration, especially from Europe to America, during the late 19th century?

<p>Indentures binding contracts (D)</p> Signup and view all the answers

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