Explain why the phenomenon of globalisation

Evaluate the significance of the factors which have contributed to globalisation. Globalisation is not a new phenomenon. The world economy has become increasingly interdependent for a long time. However, in recent decades the process of globalisation has accelerated; this is due to a variety of factors, but important ones include improved trade, increased labour and capital mobility and improved technology.

Explain why the phenomenon of globalisation

There are both distal and proximate causes which can be traced in the historical factors affecting globalization. Large-scale globalization began in the 19th century. Archaic globalization Archaic globalization conventionally refers to a phase in the history of globalization including globalizing events and developments from the time of the earliest civilizations until roughly the s.

This term is used to describe the relationships between communities and states and how they were created by the geographical spread of ideas and social norms at both local and regional levels. The first is the idea of Eastern Origins, which shows how Western states have adapted and implemented learned principles from the East.

The second is distance. The interactions of states were not on a global scale and most often were confined to Asia, North Africathe Middle Eastand certain parts of Europe.

Eventually, technological advances allowed states to learn of others' existence and thus another phase of globalization can occur. The third has to do with inter-dependency, stability, and regularity. If a state is not dependent on another, then there is no way for either state to be mutually affected by the other.

This is one of the driving forces behind global connections and trade; without either, globalization would not have emerged the way it did and states would still be dependent on their own production and resources to work.

This is one of the arguments surrounding the idea of early globalization. It is argued that archaic globalization did not function in a similar manner to modern globalization because states were not as interdependent on others as they are today.

Because it predated the Great Divergence of the nineteenth century, where Western Europe pulled ahead of the rest of the world in terms of industrial production and economic outputarchaic globalization was a phenomenon that was driven not only by Europe but also by other economically developed Old World centers such as GujaratBengalcoastal Chinaand Japan.

This archaic globalization existed during the Hellenistic Agewhen commercialized urban centers enveloped the axis of Greek culture that reached from India to Spainincluding Alexandria and the other Alexandrine cities.

Early on, the geographic position of Greece and the necessity of importing wheat forced the Greeks to engage in maritime trade. Trade in ancient Greece was largely unrestricted: Maize, tomato, potato, vanillarubber, cacaotobacco Trade on the Silk Road was a significant factor in the development of civilizations from China, Indian subcontinentPersiaEurope, and Arabiaopening long-distance political and economic interactions between them.

In addition to economic trade, the Silk Road served as a means of carrying out cultural trade among the civilizations along its network.

Explain why the phenomenon of globalisation

Proto-globalization " Early modern -" or "proto-globalization" covers a period of the history of globalization roughly spanning the years between and The concept of "proto-globalization" was first introduced by historians A.

Hopkins and Christopher Bayly. The term describes the phase of increasing trade links and cultural exchange that characterized the period immediately preceding the advent of high "modern globalization" in the late 19th century.

In the 17th century, world trade developed further when chartered companies like the British East India Company founded in and the Dutch East India Company founded inoften described as the first multinational corporation in which stock was offered were established.

The period is marked by such trade arrangements as the East India Companythe shift of hegemony to Western Europe, the rise of larger-scale conflicts between powerful nations such as the Thirty Years' Warand the rise of newfound commodities—most particularly slave trade.

What caused globalisation? | Economics Help

The Triangular Trade made it possible for Europe to take advantage of resources within the Western Hemisphere. The transfer of animal stocks, plant crops, and epidemic diseases associated with Alfred W.

Explain why the phenomenon of globalisation

Crosby 's concept of the Columbian Exchange also played a central role in this process.Globalization and the Role of the State: Challenges and Perspectives Guido Bertucci and Adriana Alberti∗ Globalization is a term which has been used to describe and explain many worldwide phenomena. It has been given positive connotations by those who advocate greater.

What is Globalization?

Is globalization a new phenomenon? Authors who affiliate globalization to internationalization and liberalization find this process to be one that had lingered since the early colonialist eras.

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information srmvision.com process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

Globalization and the Role of the State: Challenges and Perspectives Guido Bertucci and Adriana Alberti∗ Globalization is a term which has been used to describe and explain many worldwide phenomena. It has been given positive connotations by those who advocate greater.

Topic: Explain why the phenomenon of globalisation tends to be regarded as an inevitable development, and comment on what you perceive to be the main outcomes of the globalised economy to the functioning of Government departments.

Globalization: The Concept, Causes, and Consequences. John Williamson (PIIE) But the technological basis for the phenomenon of globalization implies that, barring an end to the "Pax Americana" or else extremely vigorous conscious actions to reverse the process, globalization is here to stay.

or as a result of the new trade theories that.

Globalization - Wikipedia