The Fourth Phase of Globalization ________

question 9

Multiple Choice

The fourth phase of globalization ________.

• A) is characterized by the rise of electricity and steel production
• B) is characterized by the rise of MNEs from Japan
• C) witnessed the Bretton Woods Conference of twenty-three nations in 1947 that led to the General Agreement on Tariffs and Trade
• D) facilitated the globalization of the service sector in such areas as banking and retailing

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Definitions:

Morally Sacrifice

The act of giving up something of significant value for the sake of moral principles or the benefit of others, often involving ethical reasoning and selflessness.

Medical Research Projects

Scientific studies undertaken with the aim of expanding knowledge in fields related to medicine and healthcare.

Consent

Agreement or permission given voluntarily by a competent individual, fully informed of the risks and benefits.

Clear Benefits

Advantages or positive outcomes that are distinct and readily apparent.