When analyzing the Western European economy, British scholar John Kay pointed out that the word "globalization" replaced "privatization" as the slogan of economic reform in 1990. this

A

Test question analysis: After the economic crisis in the 1970s, the Western economy entered the stagflation stage, indicating that Keynesianism failed, so item B is wrong, and all countries have reduced government Intervention in the economy, so there is a trend of privatization. In the 1990s, "globalization" replaced "privatization", which shows that the Western European economy gradually recovered and came out of stagflation, thus changing the slogan of economic development, so choose A