(Answered) Question 4Minutes, 41 SecondsThe third phase of globalization was triggered bythe end of World War…

➤ When did the third phase occur and how long did it last?
The third phase began in 1945 and extended through the 1950s into the early 1970s. This period of steady economic expansion slowed after the 1970s oil shocks and rising inflation. Later decades saw renewed acceleration under neoliberal policies and information‑technology‑driven globalization from the 1980s onward.