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History Of Globalization

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1.0 History of Globalization
Globalization is not a new trend some researchers who point out that the origins of the history of globalization can be traced back to the ancient civilizations. The example of the earliest forms of globalization is the trade links between the Sumerian civilization and the Indus Valley Civilization. The first phase was 300 BCE to the 1400's. This was the first stages of interactions with each other. Stared around 325 BCE, and involved the trading of spices and knowledge. Phase of globalization is characterized by the rise of maritime European empires in the 16th century and 17th first appeared Imperial is Portugal and Spain, and then comes the Netherlands and Britain. In the 17th century, world trade developed …show more content…

This term is more widely used as the globalizations of products the things which need high technological knowledge are given to those counties where the people are highly skilled.

4.0 How has this helped create the shift towards a more integrated world economy? Current globalization trends can be largely accounted for by developed economies integrating with less developed economies by means of foreign direct investment, the reduction of trade barriers as well as other economic reforms and, in many cases, immigration. The rise of globalization has created interdependent markets that highlight the pros and cons.
Pros:
Globalization creates a worldwide market for the companies and for the customers there is a better access to products from different countries. Because of globalization there is a steady cash flow into the developing countries, which gradually decreases the dollar difference. Due to the presence of a worldwide market, there is an increase in the production sector and there are lots of options for investments for different companies. Decisions are being made benefits to all people over the world. …show more content…

A country must also have a competitive edge in the international market the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market. Depending on the paradigm, economic globalization can be viewed as either a positive or a negative phenomenon. Economic globalization comprises the globalization of production and Globalization markets in my opinion had a positive impact on the world economy

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