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:

Turbulence

Turbulence refers to violent or unsteady movement of air or water, or a situation characterized by conflict or confusion.

Active Avoidance

A type of learning in which an individual learns to perform a behavior to prevent or avoid an unpleasant stimulus.

Aversive Event

An unpleasant or harmful event or stimulus that an individual seeks to avoid or minimize.

Passive Avoidance

A learning process in which animals learn to avoid an aversive stimulus based on previous negative experiences.