Quiz on Globalization and the Cold War

Who is credited with coining the term "globalization"?

• Anthony Giddens

• Theodore Levitt

• Roland Robertson

• David Held

According to Roland Robertson, globalization refers to:

• The increased economic activity in global markets

• The interconnectedness of political ideologies

• Both the compression of the world and a greater consciousness of the world as an entity

• The spread of capitalism across developing countries

The collapse of the Soviet Union in 1991 resulted in:

• A multipolar world with shared global power

• The end of U.S. dominance in world politics

• A unipolar world dominated by the United States

• The rise of a socialist economic order

What major trade agreement was signed in 1994 to create a trilateral trade bloc between the U.S., Canada, and Mexico?

• European Union (EU)

• World Trade Organization (WTO)

• General Agreement on Tariffs and Trade (GATT)

• North American Free Trade Agreement (NAFTA)

The WTO, which replaced GATT in 1995, was established to:

• Promote economic nationalism

• Facilitate smoother and more predictable international trade

• Restrict free-market policies

• Prevent global trade disputes from being resolved

Which economic philosophy gained prominence in the 1990s, emphasizing deregulation and privatization?

• Keynesian Economics

• Neoliberalism

• Protectionism

• Socialism

The Asian Financial Crisis of 1997 began in:

• China

• Japan

• Thailand

• South Korea

Which international financial institution intervened with bailouts during the 1997 Asian Financial Crisis?

• World Bank

• International Monetary Fund (IMF)

• United Nations (UN)

• Federal Reserve

The Maastricht Treaty, signed in 1991, led to the creation of:

• The North American Free Trade Agreement (NAFTA)

• The European Union (EU)

• The World Trade Organization (WTO)

• The Association of Southeast Asian Nations (ASEAN)

What technological advancement significantly accelerated globalization in the 1990s?

• Steam engine

• Internet

• Printing press

• Television