The Aspects Of Globalization In The 20th Century
Globalization affects states, nations, societies and cultures, but could not be more intimate in its definition and perception. As such, the perception of globalization has shifted significantly from the 20th century to the 21st century. Whereas globalization was still a developing phe- nomenon that dominated politics more than personal lives in the previous century, the faster movement of data, people and goods today makes us feel like we have arrived in a globalized world. This essay proceeds by putting globalization in the two centuries in perspective and by then highlighting recent trends in the globalization debate. It then gives a possible explana- tion for those trends and concludes.
The concept of globalization is relatively new. At …show more content…
The 20th century had two broad eras: whereas the first half of the 20th century was characterized by confrontation, the second half was characterized by cooperation. Economic prosperity in an effort to rebuilt the damages after world war two was made possible by the trio of United Nations (UN) organizations, IMF, World Bank and GATT, that fostered global monetary and economic cooperation. The post-war period thus demonstrated the benefits of adhering to economic wisdom and political pragmatism that was driven by the new UN insti- tutions. The western countries profited significantly from economic cooperation and widely integrated markets, whereas the majority of the developing world was catching up (e.g. Crafts, …show more content…
“Globalisation combined with technology combined with social media and constant information have disrupted people’s lives in very concrete ways” (as cited in Odell, 2016, para 4) stated also President Obama in an effort to explain the recent rise of populism. The rich countries, it appears, enjoyed the fruits of globalization but are only now becoming aware of the high price of global integration, as the Western world has built an as- tounding gap in economic terms between itself and the developing world that keeps causing tension and
The concept of globalization is relatively new. At …show more content…
The 20th century had two broad eras: whereas the first half of the 20th century was characterized by confrontation, the second half was characterized by cooperation. Economic prosperity in an effort to rebuilt the damages after world war two was made possible by the trio of United Nations (UN) organizations, IMF, World Bank and GATT, that fostered global monetary and economic cooperation. The post-war period thus demonstrated the benefits of adhering to economic wisdom and political pragmatism that was driven by the new UN insti- tutions. The western countries profited significantly from economic cooperation and widely integrated markets, whereas the majority of the developing world was catching up (e.g. Crafts, …show more content…
“Globalisation combined with technology combined with social media and constant information have disrupted people’s lives in very concrete ways” (as cited in Odell, 2016, para 4) stated also President Obama in an effort to explain the recent rise of populism. The rich countries, it appears, enjoyed the fruits of globalization but are only now becoming aware of the high price of global integration, as the Western world has built an as- tounding gap in economic terms between itself and the developing world that keeps causing tension and