Briefly Explain the Stages of Globalization

question 55

Essay

Briefly explain the stages of globalization.

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Definitions:

Liberal Ideas

Advocate for freedoms and rights of individuals, often emphasizing equality, democracy, and the importance of a social safety net.

Conservative Ideas

Ideologies that emphasize preserving tradition and established institutions, often resisting changes to social, cultural, and economic norms.

Vietnam Syndrome

A term used to describe the reluctance of the United States to engage militarily abroad because of the psychological trauma and political backlash experienced during and after the Vietnam War.

Economic Crisis

A situation where a country's economy experiences a sudden downturn brought on by a financial market crisis, leading to a decrease in consumer confidence and economic activities.