Exam (elaborations) Contemporary World

Contemporary World FINALS Module 5 - 6 VERIFIED 100% CORRECT SOLUTIONS 21 st century - ANSWER Is a hub for the closer relation of states and for a wider perspective in technological development. Globalization - ANSWER Made nations closer to each other Thomas Friedman 2005 - ANSWER the world is flat Globalization 1.0 () Globalization 2.0 (Pax Britannica) Globalization 3.0 (Pax Americana) - ANSWER 3 stages of globalization. Globalization 1.0 - ANSWER Lasted from and shrank the world from a SIZE LARGE to a SIZE MEDIUM. - Known as the age of mercantilism and colonialism. The driving forces of Globalization 1.0 - ANSWER - Workforce - Horsepower - Wind power - Later on steam power The second stage (Globalization 2.0) - ANSWER - the age of Pax Britannica when Great Britain was the hegemonic power in the terms o trade and economy The driving forces of Globalization 2.0 - ANSWER - new institutions particularly the emergence of global markers and multinational corporations. Third stage Called as Globalization 3.0 - ANSWER Occurred during the second half of 20th century, refers to the age of Pax Americana when USA was the hemogenic power in terms of SECURITY, TRADE, and ECONOMY