Globalization
1.0 Introduction
Globalization has been around for a very long time since between 1492 and 1498 until TODAY. Trading. Trading is a major factor of globalization. Trading has led to the exchange of goods, culture and language and in no doubt, the migration of people. The British East India Company is the best historical example in the rapid globalization movement. The British East India Company was founded at the beginning of the 17th century.
Figure 1: The British East India Company was founded at the beginning of 17th century and is an early example of globalization efforts.
Figure 1: The British East India Company was founded at the beginning of 17th century and is an early example of globalization efforts.
Cotton and tea were traded from India. Of course the goods’ trading doesn’t end like that. Cultural practices were exchanged as well as sharing of language and also human migration. The company also ruled India for a century (1757-1858). The company established the India’s present education system; spread English language and laying the groundwork for India’s present banking and financial systems. After of a century of ruling India, the British monarchy colonized India for another century before India gained its independence in 1947.
The term globalization was first coined in the 1980s. By definition, globalization is a process whereby economic, political, social and cultural differences are lessened by greater interaction across national boundaries.Another definition was globalization encompasses many trends, including expanded international trade, telecommunications, monetary coordination, multinational corporations, technical and scientific cooperation, cultural exchanges of new types and scales, migration and refugee flows and relations between the world’s rich and poor countries.
Globalization raises the productivity and living standards of the people in countries that open themselves to the global marketplace. Money, goods and manufacturing became
Globalization has been around for a very long time since between 1492 and 1498 until TODAY. Trading. Trading is a major factor of globalization. Trading has led to the exchange of goods, culture and language and in no doubt, the migration of people. The British East India Company is the best historical example in the rapid globalization movement. The British East India Company was founded at the beginning of the 17th century.
Figure 1: The British East India Company was founded at the beginning of 17th century and is an early example of globalization efforts.
Figure 1: The British East India Company was founded at the beginning of 17th century and is an early example of globalization efforts.
Cotton and tea were traded from India. Of course the goods’ trading doesn’t end like that. Cultural practices were exchanged as well as sharing of language and also human migration. The company also ruled India for a century (1757-1858). The company established the India’s present education system; spread English language and laying the groundwork for India’s present banking and financial systems. After of a century of ruling India, the British monarchy colonized India for another century before India gained its independence in 1947.
The term globalization was first coined in the 1980s. By definition, globalization is a process whereby economic, political, social and cultural differences are lessened by greater interaction across national boundaries.Another definition was globalization encompasses many trends, including expanded international trade, telecommunications, monetary coordination, multinational corporations, technical and scientific cooperation, cultural exchanges of new types and scales, migration and refugee flows and relations between the world’s rich and poor countries.
Globalization raises the productivity and living standards of the people in countries that open themselves to the global marketplace. Money, goods and manufacturing became