Answer the following statement(s) true (T) or false (F)

1. The Japanese model of regulated capitalism is known as the developmental state.
2. The term “convergence” helps explain how different kinds of institutions in different economies are complementary.
3. According to the “comparative institutional advantage” idea, globalization will eventually overwhelm the power of nation–states to set distinct economic policies.
4. The globalization debate was first manifested in the 1970s in wealthy countries as a concern about deindustrialization.

1. True
2. False
3. False
4. True