What Is Globalization?

Globalization can be explained as a process of integration and interaction among the companies, people, and governments of different nations. It is a process explained by international trade and investment and updates by information technology. There is an amazing irony in globalization and it is that, as the world gets smaller, opportunities for growth and development become wider and better. Nowhere is this more clearly manifest than in the sphere of international trade and business relations where foreign market economies, domestic politics and diverse legal systems are linked to each other to create more advantages for the contracting states.

Origin of Globalization

The origin of the Globalization is not new one. It has been gone thousands of years, first people, and, then later on the corporations and industries have been selling to and buying from each other in different lands and nation’s at large distances. This origin of globalization can be elaborated by taking an example of Silk Road. The Silk Road is an entity that is connecting the Europe and China during the middle ages. The same, for centuries, industries and people have been investing in enterprises and venture in other countries. If truth be told, there are number of characteristics of the contemporary wave of globalization are parallel to those existing before the occurrence of the First World War in 1914.

Brecher et al. try to conceptualize the roots of the alternative globalization movement by giving an account of how different counter movements in the second half of the twentieth century, more specifically from the early 1970s onwards, first realized that trans border solidarity was necessary if they wished to further their own agendas in the global political economy.

Origins of Globalizations absorb generally on very old