Globalization Today: Overview and Drivers

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10 Questions

What has been a significant driver of globalization since the 1970s?

Technological progress and innovations

Which sector saw a significant increase in international organization and cooperation due to globalization?

Goods markets

What policy became less restrictive in the context of globalization?

Migration policy

What is an example of intra-industry trade mentioned as a feature of globalization?

Japan selling cars to Europe and Europe selling cars to Japan

Which motive drove very large capital flows among High-Income Countries (HICs) within globalization?

Risk sharing motive

What were some of the push factors for labor migration during 19th-century globalization?

Income differentials and military conflict

Which characteristic facilitated mass migration during the late 19th century?

Great labor mobility

What impact did the Opium wars and gunboat diplomacy have on trade during the 19th century?

Promoted free trade through military imposition

Which period saw the undoing of pre-1914 globalization?

Great Depression and WW2

What were some factors that put brakes on re-globalization after World War 2?

Import substitution policies and capital controls

Explore the current state of globalization with a focus on its impact on world GDP, capital flows, and migration. Learn about the key drivers of globalization such as technological progress, innovations, and political choices including trade liberalization and international organizations.

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