ECONOMICS
ENTREPRENEURS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Globalization Phase I
|
|
|
Globalization Phase II
|
|
|
Globalization Phase III
|
|
|
Feudalism
|
Detailed explanation-1: -The third stage (value chain disaggregationThe stage in globalization in which firms start to disaggregate the production process and focus each activity in the most advantageous location.)
Detailed explanation-2: -Entrepreneurs access the technologies through globalization, that are developed worldwide and can use in developing markets to create new technologies, and they also can reach completely new and different industries that increase their revenues.
Detailed explanation-3: -Friedman divides the history of globalization into three periods: Globalization 1.0 (1492–1800), Globalization 2.0 (1800–2000) and Globalization 3.0 (2000–present).
Detailed explanation-4: -Integration of Economies. Liberalization. Privatization. Free Trade. Interconnectedness. 10-Sept-2020