Globalization

Stiglitz's Conception

In the 19th 100 years financial globalization was very high. When Karl Marx composed the Communist Manifesto in 1848, he really mentioned to the systems of interdependence that were decimating localized commerce in all nations. So 150 years before persons were discovering that financial globalization was influencing localized economies.

The development of globalization--that is financial globalization--in the 19th 100 years was very powerful and by 1914 the world had come to, in some localities, new grades of financial integration which were not recurring afresh until the 1970s. Thus, globalization is not only 'not new', but it can be turned around and ...