The pendulum view of globalization explains the steady expansion and contraction of individual nations' economies.

Question

Quizplus · Accepted Answer

The pendulum view of globalization suggests that individual nations' economies go through cycles of expansion and contraction as they participate in global markets. This theory recognizes that globalization has both positive and negative impacts on economies and that these can lead to fluctuations over time.

The Pendulum View of Globalization Explains the Steady Expansion and Contraction