Globalization and Economic Policies Quiz

What economic policies accelerated globalization in the 1970s and 1980s?

• Trade liberalization, privatization, and deregulation

• Increased tariffs and trade barriers

• Nationalization of industries

• Isolationist policies

What technological advancement in the 1990s significantly propelled globalization?

• The invention of the steam engine

• The rise of the internet

• The development of the telegraph

• The creation of the printing press

What event marked the end of the Cold War?

• The fall of the Berlin Wall

• The collapse of the Soviet Union

• The signing of the Treaty of Versailles

• The Cuban Missile Crisis

What organization replaced GATT as an international organization in 1994?

• WTO

• IMF

• World Bank

• UNCTAD

What happened to Asian currencies pegged to the U.S. dollar in the mid-1990s?

• They depreciated

• They appreciated

• They remained stable

• They were abandoned

What caused depreciation pressure on Asian currencies in the mid-1990s?

• Increase in foreign investment

• Massive capital outflow

• Rise in local production

• Increase in global trade

What was a significant effect of the technological revolution in the 1990s?

• Decrease in global supply chains

• Creation of global supply chains

• Isolation of markets

• Decline in digital communication

What was a major factor in the economic growth of Southeast Asian countries in the late 1980s and early 1990s?

• Decrease in foreign investment

• Export growth and foreign investment

• Isolationist policies

• Decline in GDP

What was the impact of the collapse of the Soviet Union on global markets?

• Isolation of Eastern Europe

• Opening of Eastern Europe to global markets

• Decline in global trade

• Increase in Soviet influence

What was the impact on GDP per capita in Indonesia from 1996 to 1997?

• Dropped by 21.2%

• Dropped by 43.2%

• Dropped by 19%

• Dropped by 12.5%