Answer :
Final answer:
The primary factor responsible for recent rapid globalization is government policies, which promote trade and economic cooperation. Institutions like the IMF and WTO have been crucial in this process, reducing barriers to trade. Although nationalism and wars have played roles, the focus on economic interdependence through government action has accelerated globalization.
Explanation:
Factors Responsible for Recent Rapid Globalization
The factor that is mostly responsible for the recent rapid globalization is government policies. Since the conclusion of World War II, various government policies and international agreements have facilitated unprecedented levels of trade and economic cooperation among nations. Institutions such as the International Monetary Fund (IMF) and the World Trade Organization (WTO) have played significant roles in promoting free trade and capitalism around the world, enhancing interconnectedness.
While nationalism and wars have historically shaped world affairs, the end of the Cold War particularly marked a shift towards economic globalization as countries recognized the benefits of collaborative trade relations. Moreover, the declining incidence of large-scale interstate wars has made nations increasingly dependent on global trade, further incentivizing governments to adopt policies that promote economic interdependence.
Conclusion
In summary, while various factors have contributed to the complex phenomenon of globalization, it is primarily government policies that have accelerated its pace in recent decades, driven by the global embrace of free trade principles and regulatory frameworks.
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