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Origin Of Globalization

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Introduction Nowadays, the word “globalisation” has been causing several debates. These debates are in order to define the concept and at the same time, attempt to detect when did “globalisation” begin. There are numerous theories about globalisation and its beginnings, but has not been able to absolutely determine an exact date on this. Moreover, the idea of globalisation has been commonly used in academic and political areas, however the meaning is far away from being similar. Nonetheless, the notion of the word will lead us to its origins. O’Rourke and Williamson stated the significance of defining the term globalisation with the aim of discovering its historical origins (2004, p.109). Consequently, in order to determine the globalisation origins, this essay will be separated in two parts: first, we are going to define the topic. Then, with the product of the first part, we are going to estimate when did globalisation begin. How should globalisation be defined? Divergences exist in defining the onset of globalisation. Some authors would point that has been brewing since the earliest periods of history, others indicate that it is characteristic of modernity, while some would associate with the end of the capitalist process and the beginning of a new era of post-modernity. Therefore, the concept plays an extremely …show more content…

As a result, it has strongly shortened travel times for goods and factors of production and strongly increased flows between countries. It has to be said that there was globalization before 1900, however the quantity and speed increase dramatically in 1850s. They started trading different categories of commodities, mass shipping, basic commodities, etc. thanks to lower transport costs instead of luxury goods that were the only goods worthwhile shipping before lower transportation

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One of the Framers’ main focus when they were writing the Preamble was the promotion of general welfare. The improvement of the economy was key for them because in order to have a successful nation, there needs to be a stable economy. After making the improvement of the economy a focal point, all it took was one century and America completely revolutionized its economy, a great feat for a newly born country. Although not all the decisions that were made to improve the economy resonated with the American people, but the general decision making was sub par. The reason that the creation of an amazing economy happened was solely based on the Framers’ perseverance through the rough patches they encountered.

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Cities grew, factories sprouted and immigration increased. Not to mention that transportation routes and means of transport underwent dramatic changes, greatly increasing national mobility. New and improved transportation technology made it easier and faster to transport goods: first national roads, then canals, and finally the railroad

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1. There were many new technologies that enabled the growth of interregional trade networks and development. Among these were the astrolabe, the compass, and forms of credit. Other technologies such as improvement in writing and accounting systems and ocean ready ships also helped to enable the growth of interregional trade networks and agricultural development. This is because all of these technologies in some way help to contribute to trade and/or agriculture which is extremely important for this era.

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“(When) plants such as (the) textile factory appeared, soon the production of exports outpaced import of goods” (Document 3). Factories resulted in business owners receiving a greater profit because of an increase in trade due to goods being produced faster and sold cheaper. Therefore a cycle was set that benefitted consumers, workers, and business owners and contributed to the capital increase in the economy. Railroads also lead to economic growth, and “during the 1800s the amount of railroad track increased dramatically in Britain, the Continental Europe, and the United States” (Document 5). The railroad system was highly valued by business owners because it expanded the amount of customers they were able to deliver to, goods could be shipped faster, and the payload increased significantly.

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One of the biggest impacts to the globalization of the Industrial Revolution occurred when Europeans began to travel. Between

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Some of the significant changes were increased diversity, transatlantic trade, triangular trade, and expansion of religion and diseases. Diversity reached its climax through the exchange of ideas, philosophies, languages, and practices that formed dynamic and versatile societies. Likewise, the transatlantic trade grew exponentially thanks to the exchange of manufactured goods such as firearms and metal tools. This thread of international relations shaped and improved the European and American economies, resulting in strong financial

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New building technologies helped cities grow also the expansion of railways meant manufactures could ship goods cheaply. Raw materials shipped to factories

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The industrial Revolution, a very important time for most of the word, took place in all of the 18th and the 19th centuries. It was the beginning of things such as roads being turned into stone roads or gravel roads for easier travel. It was the birth period of the steam engine that was used in steamboats and locomotives. This was also the time in which large factories came to be that supplied many with jobs and stable work. One such industry was the textile and iron businesses, these fields saw large improvements in the way of production.

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Many western countries are now shying away from globalism as a whole. Globalist and nationalist have begun to clash and argue with each other, leaving the world asking which system the world should follow. In order to ensure prosperity and success for every country, globalism is needed over nationalism to an extend. Since the majority of trade any country does is international, and it’s been shown that individual economies are interdependent on each, the current state of everyone’s economy is global.

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The exceptionally notoriety of the word 'globalization’ signals a require for caution. The word was barely utilized some time recently the late 1980s, indeed in scholarly circles, but nowadays you can barely open a daily paper without experiencing the term. It might effortlessly show up to is an elegant name utilized to assign wonders around which one has as it were the vaguest thoughts. However to dispose of the concept of globalization, and the huge consideration agreed the marvels it envelops, on such grounds, would be silly. There is a genuine require for a common, non-specific term to portray the complex, multi sided ways in which the world is inter-connected, and progressively so.

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The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

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