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Globalization of the Twentieth Century

In: Historical Events

Submitted By rh0645987
Words 1247
Pages 5
Racheal Hunt
HIS 122
Mr. Raby
September 6, 2012
Globalization of the Twentieth Century What is globalization? According to our text book, globalization is “a term referring to a trend by which peoples and nations has become more interdependent” (Spielvogel 679). When using the term of globalization most people are talking about our global economy and global culture. Over the last forty years new technologies have changed the way we communicate. Not only can we communicate with friends and family around the world with the touch of a button but we can use the same technology to buy, sell and distribute almost anything to almost anywhere in the world. This has not only changed our bottom line of profits but has also changed the mindset of how we view the world and how we do business and communicate with others. In this paper I intend to describe the main characteristics of globalization of the
Twentieth century and discuss some of the many elements that have led us to this point in history. There are many characteristics of globalization. Arvind Kumar, writer of the article “What are the Characteristics of Globalization” says that there are three distinct characteristics of globalization. The first is liberalization which is the, “freedom to start industry, trade or commerce in his country or abroad (Kumar).” The second characteristic is free trade. Kumar explains that, “Free trade is the absence of excessive government control over trade (Kumar).” He goes on to say that connectivity is the third, and last, distinct characteristic of globalization. The connectivity Kumar is referring to is the World Wide Web (WWW), mobile cellphones and easily accessible air travel across the world. He defines connectivity as “The break of national and international transmission of knowledge, literature, technology, culture and information.” This creates a...

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