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Cause Of Globalization

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Globalization
Globalization is worldwide movement toward economy, financial, trade and communications integration [Business Dictionary, 2015]. It can also describe as a transaction, network of activity and interaction power. Western Civilization is the main root of Globalization. How? Industrial revolution, western Empire, colonization and the effects from it are the answer.

Initially, let’s talk about how western civilization affects our economy. Commercial revolution was in the period of the European economy expansion in between 1500 to 1700. Britain, France, Portugal and Spain discovered many continents around the world. They found more trade routes from Europe to other continent. Therefore, our economy’s transportation today takes old …show more content…

Royal king in the European countries use this trade system to gain benefits from their colonies such as natural resources and knowledge. Furthermore, the mother country forces their colonies only to trade with them. Therefore all wealth and trade’s benefits from colonies went to the mother country in Europe. Industrial revolution is one of the changes that affect the world’s economy.
The industrial revolution increases population in Europe. At that time, water power and animal power with steam power are able to achieve mass production. Later on this innovation causes Europe to become a world factory and have the most power in the menu factory. The invention of the new machine and technology is the key to success in industrial revolution. Coal is the main resource for producing steam power. Therefore, Europe improves their mining for ensuring that they will have enough coal to run factories, trains and ships.
Secondly, colonization is one of the main impacts on how globalization forms today. First, European people are motivated enough to explore the world by the Crusade war. They want to gain more knowledge and products from the East as well as spread their western culture, religion as Christianity, education and technology and western political ideals throughout the …show more content…

In Colonization European Empire consist of Portugal, Spain, France, Britain and Holland. Portugal important navigator “Prince Henry” is the first discoverer. Consequences from Portugal discovery made them the owner of South America, Langa, Melayu, group of Spices Island and important trade cities in India and Africa. This is why most of South Americans speak Portuguese, live in western architecture and believe in Catholic. Colonization had image western civilization as a winner in war and the philosopher of the world (the west rules the world).
In 1945 IMF (The International Monetary Fund) is the world financial assistance and advice that was born at the end of World War II out of the Bretton Woods conference in Washington DC. It consists of 186 member countries. IMF is obviously the World Bank which helps member countries prevent economy crisis. IMF is responsible for transaction exchange and money movement budget. Therefore it can influence or control the world’s finance. IMF quota on financial loan is measured by the economic size of the member countries. The larger the country’s economy is, the larger the quota is

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