21st Century And 20th Century Globalization

950 Words4 Pages
“How does 21st century globalization differ from 20th century globalization?” Globalization heavily implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. It also occasionally discusses the less common dimensions of globalization, such as environmental globalization or military globalization . Those dimensions, however, receive much less attention the three described above, as academic literature commonly subdivides globalization into three major areas which are economic globalization, cultural globalization and political globalization. The evolution of globalization is still open for debate according to some scholar’s dates back to Ice Age when people used to travel in search of food, trade and security. But some scholars also claim that “Globalization” is a new trend which technically emerged only in modern times or during the 20th century. However, the fact is that “Globalization” took place as a process of mobilization of human capital, travel, cultural exchange, free trade and modernization. Over the years the trend of globalization has seen some basic changes, which is the topic of this essay. This essay is about the difference between the trend of globalization in 20th century and 21st century. The trend of globalization in 20th century and 21st century differs in the following way: Period The 20th century was the period
Open Document