Phases of Globalization Flashcards
1
Q
Aided by railroads, ocean transport; resulting in the rise of
manufacturing and trading companies
A
1st Phase: 1830, peaking around 1880
2
Q
Fueled by electricity and steel; early MNEs
A
2nd Phase: 1900, peaking late 1920s
3
Q
GATT, end of WW II, Marshall Plan; gradual reduction of barriers to trade
A
3rd Phase: 1948, peaking around 1970
4
Q
Fueled by Internet and other technologies: rapid liberalization in Emerging Markets…
A
4th Phase: 1980, peaking around 1997
