L1 QUIZ - SS113

Which of the following best explains why tracing the history of globalization is important for understanding today’s world?

• It shows the dominance of one culture over others

• It helps us understand the development of global connections and their impact

• It proves that globalization started only in the modern era because of ICT innovations

• It highlights the isolation of countries before trade

How did the transition from the Paleolithic to the Neolithic Era contribute to the foundation of globalization?

• By inventing writing systems and trade routes

• By creating formal governments and empires

• By enabling mass isolation across continents in order to survive

• By shifting from nomadic hunting to settled agriculture and social organization

The Silk Road was significant because it:

• created a global government across Asia up to the European countries.

• was a sea route used primarily for spice trade.

• connected East Asia and Europe through trade.

• was the first global internet system.

How did the Age of Exploration differ from the period of early civilizations?

• It marked the end of all trade routes.

• It was primarily focused on cultural exchange rather than trade.

• It was the first time humans migrated out of Africa and conquered different continents.

• It involved European exploration, colonization, and global trade on a new scale.

Which statement BEST describes the economic nature of globalization during the Age of Exploration?

• It was a truly globalized economy with equal benefits for all.

• It was dominated by European empires.

• It abolished all trade barriers worldwide.

• It was focused solely on cultural exchange

What role did technology play in the First Wave of Globalization (1860-1914)?

• It caused countries to isolate themselves and distanced themselves from potential wars.

• It replaced traditional trade with virtual markets.

• It allowed long-distance travel and communication that led to economic development.

• It hindered international trade that led to economic development.

How did the Second Wave of Globalization (1945-1980s) promote global economic integration?

• Through the creation of international organizations like the IMF and World Bank.

• By ending all trade restrictions immediately after World War II.

• By isolating capitalist economies from the rest of the world.

• By eliminating multinational corporations.

What was a major characteristic of the Third Wave of Globalization starting in the 1980s?

• Decline of global trade networks
  

• Ending of the World Trade Organization

• Restriction of global participation to only wealthy countries

• Increased use of information and communication technologies (ICTs)

What distinguishes Globalization 4.0 from earlier waves?

• It emphasizes digital interconnectivity and the use of AI

• It focuses solely on physical goods exchange

• It reduces global communication and interaction

• It only affects wealthy countries

According to Manfred Steger, globalization as a process involves:

• The complete elimination of cultural differences across space and time.

• Expansion and intensification of social relations across time and space.

• Establishment of a global government for everyone's sake.

• Isolation of economies from one another.