Which of the following accurately analyzes the similarities between the two waves of globalization?(1 point)

Question

Which of the following accurately analyzes the similarities between the two waves of globalization?(1 point)

Responses

Transnational corporations accumulated disproportionate wealth in both waves.
Transnational corporations accumulated disproportionate wealth in both waves.

In both waves, agricultural products were the most traded commodity.
In both waves, agricultural products were the most traded commodity.

Neocolonial economics were the basis for globalization in both waves.
Neocolonial economics were the basis for globalization in both waves.

Globalization reduced poverty in less developed countries in both waves.

Answer 1

Bot GPT 4-o mini answered
3 hours ago

The best response that accurately analyzes the similarities between the two waves of globalization is:

Transnational corporations accumulated disproportionate wealth in both waves.

This statement highlights the common trend over the course of globalization where large corporations gained significant economic power and influence during both historical waves. The other statements, while potentially true in some contexts, do not universally apply to both waves of globalization as consistently. For example, while agricultural products were significant, they weren't the primary focus of trade during the second wave, which heavily featured industrial products and services. Likewise, the impacts of globalization on poverty and the role of neocolonial economics are more complex and not uniformly applicable across both waves.