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    Evolution of Globalization

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    Kandarp Vyas
    An early form of globalization began during the Hellenistic Age through extensive trade networks stretching from India to Spain. The Islamic Golden Age furthered globalization by establishing a sustained economy across the Old World and spreading globally significant crops. The Age of Discovery initiated substantial cultural and biological exchange between the Eastern and Western hemispheres. Global integration continued with European colonization initiating the Columbian Exchange and widespread spread of plants, animals, diseases, and populations between the hemispheres. The 19th century witnessed modern globalization take form through industrialization, cheap production, sustained demand, and imperialism shaping world trade. Since World War II, international organizations and agreements have considerably lowered trade barriers and promoted free trade globalization.

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    Evolution of Globalization

    Uploaded by

    Kandarp Vyas
    317 views1 page
    An early form of globalization began during the Hellenistic Age through extensive trade networks stretching from India to Spain. The Islamic Golden Age furthered globalization by establishing a sustained economy across the Old World and spreading globally significant crops. The Age of Discovery initiated substantial cultural and biological exchange between the Eastern and Western hemispheres. Global integration continued with European colonization initiating the Columbian Exchange and widespread spread of plants, animals, diseases, and populations between the hemispheres. The 19th century witnessed modern globalization take form through industrialization, cheap production, sustained demand, and imperialism shaping world trade. Since World War II, international organizations and agreements have considerably lowered trade barriers and promoted free trade globalization.

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    An early form of globalization began during the Hellenistic Age through extensive trade networks stretching from India to Spain. The Islamic Golden Age furthered globalization by establishing a sustained economy across the Old World and spreading globally significant crops. The Age of Discovery initiated substantial cultural and biological exchange between the Eastern and Western hemispheres. Global integration continued with European colonization initiating the Columbian Exchange and widespread spread of plants, animals, diseases, and populations between the hemispheres. The 19th century witnessed modern globalization take form through industrialization, cheap production, sustained demand, and imperialism shaping world trade. Since World War II, international organizations and agreements have considerably lowered trade barriers and promoted free trade globalization.

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    317 views1 page

    Evolution of Globalization

    Uploaded by

    Kandarp Vyas
    An early form of globalization began during the Hellenistic Age through extensive trade networks stretching from India to Spain. The Islamic Golden Age furthered globalization by establishing a sustained economy across the Old World and spreading globally significant crops. The Age of Discovery initiated substantial cultural and biological exchange between the Eastern and Western hemispheres. Global integration continued with European colonization initiating the Columbian Exchange and widespread spread of plants, animals, diseases, and populations between the hemispheres. The 19th century witnessed modern globalization take form through industrialization, cheap production, sustained demand, and imperialism shaping world trade. Since World War II, international organizations and agreements have considerably lowered trade barriers and promoted free trade globalization.

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    An early form of globalized economics and culture existed during the Hellenistic Age, when commercialized urban canters

    were focused around the axis of Greek culture over a wide range that stretched from India to Spain, with such cities as Alexandria, Athens, and Antioch at its centre. Trade was widespread during that period, and it is the first time the idea of a cosmopolitan culture (from Greek "Cosmopolis", meaning "world city") emerged. The Islamic Golden Age was also an important early stage of globalization, when Jewish and Muslim traders and explorers established a sustained economy across the Old World resulting in a globalization of crops, trade, knowledge and technology. Globally significant crops such as sugar and cotton became widely cultivated across the Muslim world in this period, while the necessity of learning Arabic and completing the Hajj created a cosmopolitan culture. The Age of Discovery brought a broad change in globalization, being the first period in which Eurasia and Africa engaged in substantial cultural, material and biologic exchange with the New World. Global integration continued with the European colonization of the Americas initiating the Columbian Exchange, the enormous widespread exchange of plants, animals, foods, human populations (including slaves), communicable diseases, and culture between the Eastern and Western hemispheres. The 19th century witnessed the advent of globalization approaching its modern form. Industrialization allowed cheap production of household items using economies of scale, while rapid population growth created sustained demand for commodities. Globalization in this period was decisively shaped by nineteenth-century imperialism. During the first half of 19th century world went through significant transformation including world war I and world war II. In this era many colonies of European countries earned their freedom and the power situation in the world changed. Globalization, since World War II, is partly the result of planning by politicians to break down borders hampering trade. Their work led to the Bretton Woods conference, an agreement by the world's leading politicians to lay down the framework for international commerce and finance, and the founding of several international institutions intended to oversee the processes of globalization. Since World War II, barriers to international trade have been considerably lowered through international agreements GATT. Particular initiatives carried out as a result of GATT and the World Trade Organization (WTO), for which GATT is the foundation, have included: Promotion of free trade: elimination of tariffs; creation of free trade zones with small or no tariffs Reduced transportation costs, especially resulting from development of containerization for ocean shipping. Reduction or elimination of capital controls Reduction, elimination, or harmonization of subsidies for local businesses Creation of subsidies for global corporations Harmonization of intellectual property laws across the majority of states, with more restrictions Supranational recognition of intellectual property restrictions (e.g. patents granted by China would be recognized in the United States)

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