Management Information System (MIS) Practice Exam

What statement is true regarding Globalization 2.0, according to Thomas L. Friedman?

1. It brought continents closer together, shrinking the world "from size large to size medium"

2. Virtually every nation joined the globalization movement during this stage

3. It was interrupted by the Great Depression and the two world wars

4. People did not notice how it affected their lives due to the slow pace of change

The correct answer is: It was interrupted by the Great Depression and the two world wars

The correct statement regarding Globalization 2.0, as articulated by Thomas L. Friedman, relates to the disruptions that occurred during this phase. Globalization 2.0 is characterized as being a period that ran roughly from the early 19th century until around 2000, recognizing significant events such as the Great Depression and the two world wars that significantly impacted global trade and interactions. These events interrupted the flow of globalization by causing economic downturns and political upheaval, resulting in a decline in international trade and cooperation during those times. In contrast, the other statements do not accurately capture the essence of Friedman’s observations about this phase. While globalization did indeed bring countries closer and some nations may have participated, it was the profound interruptions caused by global conflicts and economic challenges that are particularly noteworthy in understanding the trajectory of globalization during this period. Additionally, although changes due to globalization might have been gradual, it is essential to understand that the major disruptions itself were overt and pivotal in shaping Globalization 2.0.