QUIZ - History and Theories of Globalization
QUIZ - History and Theories of Globalization
____________________ 1. The first wave of globalization occurred over the century ending in 1914 and
is also known as the ________________. During this era, Great Britain had started to dominate the
world both geographically and technologically, with inventions like steam engines, weaving machines
etc.
____________________2. A worldwide economic downturn that began on October 29, 1929 and lasted
until about 1939. It was the longest and most severe depression ever experienced by the industrialized
Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and
economic theory due to the stock market crash.
____________________3. It is a theory in globalization that assumes that power is the primary role or
foundation of a state that is motivated by national interest. All states have to rely upon their own
resources in order to secure their interest in order to maintain a desirable order and to achieve world
dominance.
____________________ 4. It is an ancient trade route that linked the Western World with the Middle
East and Asia which served as a major conduit for trading between China and Roman empire and later
between Medieval European kingdoms and China.
____________________5. It is based on the idea that people in the society are actively constructing or
making their own knowledge, and that reality is determined by their own experiences. It is mainly
focused on seeing globalization using particular symbols, language, and interpretations.
____________________6. It is the newest and most advanced wave of globalization that is currently
happening where the world is increasingly dominated by two global powers, the US and China. The new
frontier of globalization is focused on the cyber world with technologies enhanced by artificial
intelligence, but deemed as prospects of cybercrimes and environmental challenges.
____________________ 7. It was in this era, from the end of the 15th century onwards, that European
explorers connected East and West – and accidentally discovered America, aided along with the
discoveries from the so-called “Scientific Revolution”.
____________________10. This organization was established in 1995, which led most nations into
signing and entering free-trade agreement globally. It is an international organization that deals with the
rules of global trade and its main function is to ensure that trade flows as smoothly, predictably and
freely as possible between nations.