Globalization is defined as the interaction between people, and governments from different nations, driven by trade and aided by technology. (Globalization, 2014) In this paper, I will demonstrate how the first era of globalization began during the period ca.1450-1650. The use of ocean going vessels in 1450, utilizing magnetic compasses marked the beginning of globalization. Europeans had a geographic advantage that enabled them to accumulate wealth from both the slave trade and natural resources. Their use of ocean going ships equipped with magnetic compasses enabled them to travel further, faster. Voyages to discover and conquer new lands provided opportunities to open the door to trading resources with other nations. Resources such as metal, spices and cloth were in demand worldwide. Discovery of such resources and knowledge of their value drove nations to construct trade routes. One example is the mining of gold and silver from1500-1600, which were key resources that contributed to the wealth of the Europeans. However, due to the increased volume of gold being mined, it lost value resulting in inflation. (Brown, 2012, p. 198) Africa no longer had a market for their gold, which meant that the only marketable asset they had for trade, were their people. The need for slaves to provide manual labor was global. African princes and chiefs sold slaves to other nations as a means to buy guns, cloth, iron and other items unavailable to them. Transatlantic slave trade, which
Regional trade in early africa was important because it laid a basis in many ways for a high class society. The unique sources of africa allowed people to trade with each other for things they need but couldn't make themselves. People in africa sold Ivory, Gold, iron, and salt which were all valued very high by traders. The iron allowed the Africans to make tools allowing them to make a surplus of crops. This made traders want to come back so that they can get more of the resources not near them that they can sell for a profit. But there was one negative too traders coming so often Ghana decided to jail some of the traders. This affected many other
1.) The topic of globalization is a very broad one. Globalization itself can take on many forms as well as definitions. To begin, globalization has roots within civilization. From a historical perspective, globalization consisted of market-trading and expansion of different crafts and specialties. For example, someone who specialized in textiles and fabric of clothing would possibly trade with someone who cultivated agricultural goods. Through this process, development of a cultural aspect had grown. People were communicating more and exchanging goods or items from all over the world. This diminished the language barrier due to interface that was essential for trade. People were learning new languages and integrating themselves into
Within the source the author is trying to say that the legacy of historical globalization has resulted in advancements in modern society and people have prospered from it. Mainly how the driving force of the ethnocentrism in historical globalization leads to a prosperous society. The specific line of “superior standard of living shared by individuals in the developed world was achieved through historical globalization” supports this and is also referring to how in the first world have benefited. The superior standard of living that the source is referring to is the comforts of life and how living standards have skyrocketed now. This taken along with the author following that up with “in the developed world” means that only the developed/first
There are numerous changes and continuities in the trade networks between Eurasia and Africa from 300CE-1450CE. The reasons trade between Africa and Eurasia was so people could get any necessary goods they needed, and also so they could become wealthy off of the trade even though they lived in different regions. But, the goods that had been traded changed such as Persian rugs, gold, indigo, and salt. Also, the trading of many ideas, which altered religion and
Globalization is the increasing interconnectedness of the world and it started with Columbus coming to America and it has increased to the present day. There were cost and benefits from Globalization, but the Europeans were the ones who benefited the most. While Africans and Americans were the ones who suffered the cost. Globalization had numerous cost and benefits for the Natives in America. One benefit from Globalization was the new interactions with animals.
The major contributions I viewed through our textbook of the trans- Saharan trade on African civilizations started out with a simple ordinary life, dealing with agriculture and livestock breeding as a way of life for many people. Except, “wherever regional states and kingdoms overlaid the village life, trade was one of the primary bases on which kingly or queenly authority relied. Africa exported few manufactures internationally, but local production and export of high-value commodities such as gold, ivory, animal hides (processed and unprocessed), dyes, gums, and aromatics-as well as the traffic of human beings-created a lot of wealth. (Alder & Pouwels 2015, p. 232). Another major contribution was the power they used to control and tax their
Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.
If we want to fully understand the importance of globalization and its effects on the world’s economy and society now and its potential for the future, it is vital that we study its past and how it has originated. The history of Globalization is broad and diverse therefore it is only possible to outline some of the main areas. Globalization isn’t just a modern day phenomenon. Trading activities date from the very earliest of civilizations, but it was the Middle Ages in Europe that initiated systematic cross-border trading operations carried out by institutions of a private corporate nature. By the end of the 14th century it is estimated that there were as many as 150 Italian banking companies already operating multinationally. (Dunning, 1993) This is not exactly globalization, it is however international trade. International trade is one of the main concepts behind globalization.
The age of globalization began in the 17th century when different parts of the world came in contact with one another by establishing trade relations. While globalization connected different parts of the world, it also gave rise to capitalism. The events leading up to globalization and in turn, capitalism, are interpreted differently by historians such as Timothy Brook, in his book Vermeer’s Hat and by Greg Grandin, in his book Empire of Necessity. This essay focuses on the interpretations of globalization and capitalism by these authors and discusses the impacts of capitalism between the 17th and 19th century. Brook argues that rise of global capitalism initiated through the movement and transculturation of products, people and ideas
The first earliest of globalization was the Silk Road that a trade route around two hundred
The term globalization can be defined as a process by which societies, regional economies and cultures have been integrated via a global network of transportation, communication and trade. It has both positive and negative impacts in all the areas that it touches on be it economical, social, technology, cultural, political, environment, health or any other. Globalization started to have an impact on businesses world wide in the eighteenth century since that time marks the merging of modernity and globalization. However, in the modern sence, globalization kicked off after the end of Second World War since its during that time that leaders felt the urge to break down the borders
Globalization can best be defined as the shrinking of our world. As technology advances the gaps between Countries is closed, and our society as a whole becomes more integrated. Globalization is something that has been occurring for thousands of years, with one early example of Globalization being the use of the Silk Road, which connected China and Europe during the Middle Ages. Globalization can offer businesses many was to increase business, while at the same time threatening them (Globalization101.org, 2014).
Globalization: The process of social, political, economic, cultural, and technological integration among countries around the world (Luthans & Doh, 2012).
โลกาภิวัตน์ (Globalization) คือ ผลจากการพัฒนาการติดต่อสื่อสาร การคมนาคมขนส่ง และเทคโนโลยีสารสนเทศ อันแสดงให้เห็นถึงการเจริญเติบโตของความสัมพันธ์ทางเศรษฐกิจ การเมือง เทคโนโลยี สังคมและวัฒนธรรมที่เชื่อมโยงระหว่างปัจเจกบุคคล ชุมชน หน่วยธุรกิจ และรัฐบาล ทั่วทั้งโลก ซึ่งทำให้เกิดกระบวนการที่ประชากรของโลกถูกหลอมรวมกลายเป็นสังค
Globalization is not a modern phenomenon, but it started thousand years ago. In chapter two of book “Globalization Reader”, author Amartya Sen has shown a timeline of early globalization. He discussed arguments regarding globalization. One of the controversial issues was is globalization a new western curse? Today’s people think globalization started from the west and eventually expanded throughout the eastern part of the world. However, the author of “How to Judge Globalization” Sen Amartya clarified that globalization is not necessarily western, but it was located far from the