The "globalization of finance" in relatively recent years
A) is an entirely new phenomenon in the world economy.
B) is not an entirely new phenomenon because a similar expansion of financial flows Occurred in the world economy in the 1930s.
C) is not an entirely new phenomenon because a similar expansion of financial flows Occurred in the world economy in the 1870-1914 period.
D) has been primarily associated with the flow of foreign direct investment across Country borders rather than with growth in financial flows such as international Bank lending.

Question

Quizplus · Accepted Answer

The expansion of financial flows in the world economy during recent years is not an entirely new phenomenon since a similar expansion occurred in the world economy during the 1870-1914 period.

The "Globalization of Finance" in Relatively Recent Years