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Difference Between The 21st Century And 20th Century

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Globalization can be said to be a long term historical of modernization, mobilization of human capital, travel, cultural exchange and free trade. Globalization evolved partly due to increasing international trade and people travelling to other countries for different purposes. There are so many ways in which 21st century Globalization differs from that of the 20th century.
Firstly, the 20th century Globalization was like a preamble to the 21st century Globalization, most of the feats that is being achieved in the 21st century has its bedrock in the 20th century, so 21st century is like a continuation of the outlines made in the 20th century. While the 20th century brought about an advancement in communication that resulted in expansion of commerce and trade, it made it very easy for countries to produce and export to other countries far away without the delays and difficulty experienced previously, we also witnessed transnational supply chain, information revolution and institutions like World Trade Organization being created. This was further improved on in the 21st century especially with the online platform presence that enables one …show more content…

There is greater middle class and relentless innovation in products and services. There is also global inter connectivity which results in idea being fostered and shared all over the world. This era has brought about a rise in creativity and entrepreneurship all over the world. There is large scale exchange of resources between countries, we have instances where countries like Nigeria export crude oil to the US and also end up importing fuel since they do not have the resources to develop the finished products. There is increased pressure for countries to become more free market

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