Management Information System (MIS) Practice Exam

In "The World Is Flat," which phase of globalization involved mainly European countries trying to extend their territories?

1. Globalization 1.0

2. Globalization 2.0

3. Globalization 3.0

4. Globalization 4.0

The correct answer is: Globalization 1.0

The correct choice highlights Globalization 1.0 as the phase in which European countries primarily focused on extending their territories. This phase, spanning from roughly 1492 to the early 1800s, was characterized by explorations and colonial expansions. Major European powers sought to establish empires, capturing lands and resources across the globe, which led to the intertwining of economies and cultures. During this period, technological advancements in navigation and shipbuilding facilitated overseas exploration, allowing European nations to reach and conquer vast territories. The phase is often associated with the impact of European colonization on global trade and the spread of Western culture. The other phases—Globalization 2.0, 3.0, and 4.0—represent different trends in globalization. Globalization 2.0, occurring from the 19th century to the late 20th century, was centered on the industrial revolution and the rise of multinational corporations. Globalization 3.0, kicking off in the late 20th century, focuses on individuals and the role of technology in enabling worldwide collaboration. Globalization 4.0 is seen as an ongoing phase characterized by the impact of digital technology, artificial intelligence, and analytics. Thus, the focus on territorial