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

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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?

Intra-industry trade Signup and view all the answers

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

Risk sharing motive Signup and view all the answers

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

Great specialization in goods markets and developmental finance in capital markets Signup and view all the answers

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

WW1, Great Depression, and WW2 Signup and view all the answers

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

Early modern period Signup and view all the answers

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

Capital controls and decolonization Signup and view all the answers

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

Antiquity 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?

Indentures binding contracts Signup and view all the answers