The substantial effect of globalization on economic political and social development of the world

An Expensive Trip To Nowhere?

The substantial effect of globalization on economic political and social development of the world

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.

Globalization Trends

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.

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 substantial effect of globalization on economic political and social development of the world

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.

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. Crosby 's concept of the Columbian Exchange also played a central role in this process.

European, MuslimIndian, Southeast Asianand Chinese merchants were all involved in early modern trade and communications, particularly in the Indian Ocean region. During the early 19th century the United Kingdom was a global superpower. Modern[ edit ] According to economic historians Kevin H.

O'Rourke, Leandro Prados de la Escosura, and Guillaume Daudin, several factors promoted globalization in the period Innovations in transportation technology reduced trade costs substantially. New industrial military technologies increased the power of European states and the United States, and allowed these powers to forcibly open up markets across the world and extend their empires.

A gradual move towards greater liberalization in European countries. During the 19th century, globalization approached its form as a direct result of the Industrial Revolution.

Industrialization allowed standardized production of household items using economies of scale while rapid population growth created sustained demand for commodities. In the 19th century, steamships reduced the cost of international transport significantly and railroads made inland transportation cheaper.

The transport revolution occurred some time between and The invention of shipping containers in helped advance the globalization of commerce.1.

Introduction. Globalization has often been blamed for the rapid rise in obesity in much of the developing world (Hawkes, , Popkin, , Zimmet, ).The existing evidence for this claim does, however, rest primarily on case studies and simple ecological comparisons of national conditions.

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Featured. McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Featured. McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Nov 07,  · Years of building pressure in many parts of the world, at least since the global financial crisis, 1 crystallized into dramatic political results during as public disaffection with the status quo gained traction.

In the West, consensus expectations were defied by the United Kingdom’s decision to leave the European Union, by President-elect Donald Trump’s victory in the United States. An exploration of the nature and history of capitalism. Global capitalism, colonies and Third-World economic realities.

Globalization, which refers to the increasing integration and interdependence of countries, is a major trend shaping world affairs around the globe.

World Summit on Sustainable Development — Global Issues