In the period between 1870 and 1914
a. the ratio of world trade to world economic output was nearly as high as it was in the
1970s and 1980s
b. cross-border capital flows were very extensive
c. tens of millions of people migrated across international borders
d. all of these
e. none of these
Question 2
George Stiglitz believes that globalization is here to stay but that it needs to be reformed and regulated. Stiglitz believes that a key dimension of this reform and regulation should be
a. making the World Trade Organization into a more democratic and more accountable organization
b. abolishing the World Trade Organization
c. abolishing the World Bank
d. abolishing the International Monetary Fund