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

Question

Responses

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

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

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

The most accurate analysis of the similarities between the two waves of globalization from the given options is:

Transnational corporations accumulated disproportionate wealth in both waves.

This statement recognizes the significant role that transnational corporations played in both historical waves of globalization, highlighting their ability to generate substantial profits and influence global economic dynamics. The other options either make overly broad claims or do not accurately reflect the complexities of globalization's effects on various commodities and economic statuses in less developed countries.