← Unit 9: Globalization (c. 1900–present)
Economic Globalization
Post-Cold War globalization accelerated trade, international institutions, and cultural exchange, while also deepening debates about inequality and cultural homogenization.
Overview
Institutions like the WTO and multinational corporations expanded global trade networks; critics point to rising inequality between and within nations and the erosion of local cultures/economies, while supporters point to poverty reduction and technological diffusion.
Practice Quiz
Question 1 of 1Score so far: 0/0
Which is a commonly cited criticism of late-20th/early-21st century economic globalization?