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Contemporary Globalization

Contemporary Globalization - Quiz#4 Sec 2.1...

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Quiz #4 Sec. 2.1 Contemporary Globalization Globalization  – those processes contributing to greater interconnectedness and  interdependence among the world’s people, places, and institutions. Contemporary globalization  – a more recent development that has been underway  since the 1960s and has been especially rapid since the 1980s and 1990s. Did not  become commonplace until the 1980s. Horizontal expansion  – The increase in international connections among places via  rapid flow of goods, people, and ideas between places, and ideas. Vertical expansion  – In the context of globalization, the deepening of connections  between places through the development of policies, such as trade agreements that  formalize and strengthen those linkages. Capitalism  – Searching for locations where goods can be produced and distributed  efficiently.
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