To what recent evidence does Frankel point in showing that centrifugal forces are still at work in the global economy?
a. the erection of new tariff barriers
b. the breakdown of world trade talks
c. the emergence of regional trade blocs
d. the increase in the number of wars fought between nations since 1990
e. the creation of multiple new nations out of the ruins of the former Soviet Union
Question 2
Which of the following statements is true regarding the degree of globalization in 2000?
a. It was unprecedented in human history.
b. By some measures, the world was no more integrated economically than it had been in 1900.
c. The world was highly integrated as a consequence of the effect of the Smoot-Hawley Tariff.
d. Though highly globalized, the world was still less integrated than it had been between 1914 and 1944.
e. The degree of globalization in 2000 surpassed the economic integration of the mid-eighties and nineties.
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