Globalization And The Rise Of Globalization - 1087 Words

There is controversy over when globalization began because there is no crystal clear start to globalization. Some people believe that globalization started when the Buddhist leader Chandragupta combined aspects of trade, religion, and military to create a protected trading area. Others believe that globalization began under Genghis Khan’s rule. The Mongolian warrior-ruler created an empire that had trade integrated into it. There are also some experts that believe that the rise of globalization was linked to 1492, the year Christopher Columbus made his first trip to the New World. 2. Phases/Rounds: Explanation: First Round In this phase, ideas, knowledge, and goods are exchanged through trading and encounters. The Arabs were one of the first people that transferred and exchanged their knowledge of the world (medicine, mathematics, and sciences) with the Europeans. Second Round (â€Å"Historical Globalization†) The second round began in the 1400s, when technology enabled more opportunities. The growth of globalization was also immensely linked to imperialism since the capture of one country led to exploration of the ideas and cultures, and trading within said country. Third Round (â€Å"Contemporary Globalization†) The modern world is in the third phase, which occurred post-World War II. Globalization shifted from the second phase into third because of instant communications and rapid growth of the world market. The key element that caused modern globalization according to O’RoukeShow MoreRelatedGlobalization Is The Rise Of Global Economy818 Words   |  4 PagesGlobalization is a term that came into popular usage in the 1980 s to describe the increased movement of people, knowledge and ideas, and goods and money across national borders that has led to increased interconnectedness among the world s populations, economically, politically, socially and culturally. Although globalization is often thought of in economic terms (i.e., the global marketplace), this process has many social and political implications as well. Many in local communities associateRead MoreThe Rise Of Globalization And Commercial Nationalism978 Words   |  4 PagesConsuming The Consumer The rise of globalization has created a demand for consumable goods on a scale never before seen on Earth. For the first time in the history of the world, products can be sold and purchased by almost anyone, everywhere at anytime. 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