History and Causes of Globalization

The earliest movement of people across the globe is considered to be:

• Into Africa
• Out of Africa
• Across Sumeria
• In the Nile River Delta

Which statement is not true about the VOC?

• First successful MNC
• They colonized Australia
• Could wage war to protect its trading routes
• First company to issue shares

The first wave of globalization is not related to:

• Pre world war 1
• The free flow of capital and people
• Falling transport costs
• The World Trade Organization

The first wave was also about developed countries cheaply importing raw materials and selling expensive manufactured goods back to the developing nations.

• True
• False

Gross Domestic Product (GDP) measures the value of goods and services produced in a country.

• True
• False

During the first wave of globalization the % of GDP to World exports (i.e. how much of a countries money was due to exporting to the world) increased from 2% in 1800 to_____________ in 1913.

• 4%
• 9%
• 21%
• 34%

The word used to describe the practice of shielding a country's domestic industries from foreign competition by taxing imports is:

• Alienation
• Protectionism
• Trade liberalization
• Communism

The second wave of globalization is not characterized by:

• The interwar years 1918 - 1939
• The Cold War
• Jet planes
• Trade liberalization between rich countries

The end of WW2 sparked this second phase of globalization due to built on a surge in trade and reconstruction

• True
• False

The organization which helped to restore  economic activity in the devastated countries of Europe and Asia after WW2 was the:

• International Monetary Fund
• United Nations
• World Bank