The term "globalization" has been associated with ____________ first adopted by the United States and Britain in the early 1980s and later promoted by the World Bank and the IMF in developing countries.
A) import substitution industrialization policies
B) Keynesian policies
C) neoliberal policies
D) Both B & C
E) None of the above

Question

Quizplus · Accepted Answer

The term "globalization" is most closely associated with neoliberal policies, which emphasize deregulation, free trade, and the reduction of government intervention in the economy. These policies were first adopted by the United States and Britain in the early 1980s and were later promoted by international institutions like the World Bank and the International Monetary Fund (IMF) in developing countries.

The Term "Globalization" Has Been Associated with ____________ First Adopted