HISTORY

The Age of Globalization - Comparison of two Ages

The Age of Globalization - Comparison of two Ages

Introduction

In this study we try to explore the concept of globalization in a holistic context. The main focus of the research is on globalization and its relation with age of the rise of corporations to dominance and also in terms of big history. The research also analyzes many aspects of globalization and tries to gauge its effect on the economic, political and environmental analysis of modern and medieval ages of globalization. Finally the research describes various factors which are responsible for globalization and tries to describe the overall effect of globalization on the social and cultural aspect of the world.

Throughout the late twentieth and the early twenty first centuries, the term, globalization has been frequently used in contemporary academic and general discourse as well as at the forefront of international economic debate. Globalization has a fundamental impact on our daily life, and debate of its good and bad impacts remains unresolved. Although this era has given rise to the significant advancement in various elements such as technological, social, economic, political, cultural, and sociological, the discussions about economic globalization are much more dominant and commonplace.

Definition and Etymology

The term globalization was first published in the journal Towards New Education in 1930 denoting the holistic view of educational experience of human. The term got its base from 1960's onwards, which was used mostly by econometrics and social scientist. The main theme was presented in 1980's when the inception of word globalization received it complete definition and interpretations through the great movements in Asia.

According to the given definition, it is considered as the process of integration and interaction of the people from all round the world, with diverse group and groups, of different companies and organizations. The process of globalization is usually driven by trades and investments conducted internationally. This brings in the characteristics of various groups and international market into the culture of the country (Debrett, 2005).

The process of globalization has created effects on environment and culture or the political system of a place, leading into the diverse form of social or economic development. It also enhances the well being of societies all around the world.

Globalization is the creation and expansion of economic and social connections among people and organizations around the world. The movement of people, goods, ideas, technology, and money fuels the process across national boundaries.

The populations of different cultures have interacted and established economic and cultural links for centuries. In the middle Ages, merchants and explorers exchanged goods and ideas throughout Europe, across North Africa, and between the Middle East and Asia. However, in recent decades, globalization has advanced at an increasingly rapid pace. Two major forces in this development have been the Internet, which has sped up communications, and businesses, which have expanded to reach markets on distant continents.

Positive Aspects of Globalization

Globalization tends to invest more in developing countries so; there are immense opportunities that will arise for people of ...