Compare and Contrast the Current Era of Globalization with the First Age of Globalization (1850s-1920s). What Are the Advantages and Disadvantages of Globalization in Its Current Context?
Assignment one
Student name: Hyde Zhu
Student number: 220089143
Course code: MM202
Assignment question: topic 1 Compare and contrast the current era of globalization with the first age of globalization (1850s-1920s). What are the advantages and disadvantages of globalization in its current context?
Word count: 1530
Unit Coordinator: Dr Tony Ramsay
I am going to contrast the current era of globalization with the first age of globalization in many different aspects, in the mean time analysis the merits and demerits of globalization in its current context. John and Kenneth (2012, p. 28) find that the concept of globalization means the trend toward greater economic, cultural, political, and technological interdependence. With the development of the globalization, there is absolutely no reason for us to believe that a brighter future for the world is an impossibility. I’m going to solve the problem which is about the difference between the first and second globalization eras. From my point of view, I should stress few key points such as the reason for the beginning and ending of the two different period globalization, the driver of the two globalization, how the first and second world war affected the first and second globalization eras and the influence of technology to the different two globalization. In addition, how the movement of goods, labor or capital changed in the process of globalization. Finally, the advantages and disadvantages that globalization brings to the world is also a significant issue.
The earliest globalization appeared in the mid 1800s. Britain was the leader who guided the world into the first industrial revolution, powered by coal and steam. Duo to the development of the transportation, like steamships and steam trains, the flowing of goods and service increased rapidly. According to John and Kenneth (2012, p. 28) the first age of globalization was extended from the beginning of the first industrial revolution to the 1920s. It is
Student name: Hyde Zhu
Student number: 220089143
Course code: MM202
Assignment question: topic 1 Compare and contrast the current era of globalization with the first age of globalization (1850s-1920s). What are the advantages and disadvantages of globalization in its current context?
Word count: 1530
Unit Coordinator: Dr Tony Ramsay
I am going to contrast the current era of globalization with the first age of globalization in many different aspects, in the mean time analysis the merits and demerits of globalization in its current context. John and Kenneth (2012, p. 28) find that the concept of globalization means the trend toward greater economic, cultural, political, and technological interdependence. With the development of the globalization, there is absolutely no reason for us to believe that a brighter future for the world is an impossibility. I’m going to solve the problem which is about the difference between the first and second globalization eras. From my point of view, I should stress few key points such as the reason for the beginning and ending of the two different period globalization, the driver of the two globalization, how the first and second world war affected the first and second globalization eras and the influence of technology to the different two globalization. In addition, how the movement of goods, labor or capital changed in the process of globalization. Finally, the advantages and disadvantages that globalization brings to the world is also a significant issue.
The earliest globalization appeared in the mid 1800s. Britain was the leader who guided the world into the first industrial revolution, powered by coal and steam. Duo to the development of the transportation, like steamships and steam trains, the flowing of goods and service increased rapidly. According to John and Kenneth (2012, p. 28) the first age of globalization was extended from the beginning of the first industrial revolution to the 1920s. It is