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:

Posterior Cingulate Cortex

A part of the brain situated in the medial aspect of the cerebral cortex, involved in processing memory and emotional responses.

Self-perception Theory

A concept suggesting people develop attitudes and opinions by observing their own behavior and concluding what attitudes must have caused it.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth by means of natural selection, where organisms better adapted to their environment tend to survive and produce more offspring.

Social Identity Theory

The view that social identity is a crucial part of self-image and a valuable source of positive feelings about oneself.