The Term "Globalization" Has Been Associated with ____________ First Adopted

question 6

Multiple Choice

The term "globalization" has been associated with ____________ first adopted by the United States and Britain in the early 1980s and later promoted by the World Bank and the IMF in developing countries.

• A) import substitution industrialization policies
• B) Keynesian policies
• C) neoliberal policies
• D) Both B & C
• E) None of the above

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the degree to which societies are willing to tolerate ambiguity and uncertainty.

Delaying Gratification

The ability to postpone immediate pleasure or satisfaction in order to achieve a longer-term goal.

Uncertainty Avoidance

A cultural dimension that describes the degree to which people in a society feel uncomfortable with ambiguity and uncertainty.

Ambiguity

The quality of being open to more than one interpretation; lack of definiteness or clarity.