The fourth phase of globalization is characterized by ________.
A) rise of railroads and ocean transport
B) reduction of barriers to trade by Western industrialized countries
C) the initiation of the Marshall Plan to reconstruct Europe
D) enormous growth of cross-border trade and investment

Question

Quizplus · Accepted Answer

The fourth phase of globalization is characterized by enormous growth of cross-border trade and investment, facilitated by advancements in technology and communication. This phase began in the 1980s and continues to the present day. Choices A, B, and C are all events that occurred during previous phases of globalization.

The Fourth Phase of Globalization Is Characterized by ________