The Shift in Technology That Triggered Globalization Began in the 1970s

question 27

True/False

The shift in technology that triggered globalization began in the 1970s when businesses began using ICTs first developed in the Cold War.

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Definitions:

High Inflation Rates

A situation characterized by a rapid and excessive rise in the general price level of goods and services in an economy over a period of time.

Economy Growth

An increase in the economic output and productivity of a country, often measured by its gross domestic product (GDP) over time.

Investment Bank

A financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities.

Federal Budget Deficits

The shortfall that occurs when the U.S. government's expenditures exceed its revenues within a fiscal year.