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Broader, more recent Changes: this perspective views that the origin of globalization has taken place during the recent changes that happened in the 2nd half of the 20th century. [1] The first age of globalization crumbled under the destructive weight of World, Great Britain spearheaded the first age of globalization from 1870 to the outbreak of World War I in 1914. neo-liberalism- liberal commitment to individual liberty, a belief in the free market and opposition to state intervention to it. result of the growing scale of cross-border Make it brief and concise. -most relevant type to globalization culturally, economically, and politically, 1. cultural differentialism -system for liberalization of trade -helping member countries improve their productivity, standard of living, and labor conditions NICKEL. Jeffrey Sachs provides an overview of the six major waves of globalization: the Great Dispersal, the Neolithic Revolution, Land-Based Globalization, Ocean-Based Globalization, the Anglo-American World, and the New Globalization. Hardwired proposes that globalization originated from the basic motivation of human beings to seek a better life (Chanda, 2007). -funding for productive purposes when private capital cannot be obtained on reasonable terms "extended from old media to new media", such as Microsoft, Facebook, Twitter, Google, and Apple's iTunes. Some are examples of the point of origin from the perspective of Events: 1. -1947-1995, superseded by WTO What is Rice Tariffication law? Thanks so much. -adapted to changing global economy, by 1970s focused on loans to developing countries Descubr lo que tu empresa podra llegar a alcanzar. Epoch. Chapter 1 Defining Globalizationupdated | PDF | Human Migration -insourcing also needs to be considered, as out-sourcing from one country results in simultaneous in-sourcing in another country -some nations that currently produce will need to begin importing due to increased domestic demand It is the subject or topic of many posts on a social media website within a short period of time. The fourth to the seventh centuries which witnessed the globalization of religions (e.g. Create a free account and access your personalized content collection with our latest publications and analyses. -IMF's structural adjustment programs did not bring sustained growth, its imposition of economic austerity often stifled economic growth, and the opening of markets too quickly to competition led to job losses and increased poverty LARGEST PRODUCER OF -enormous demand in developed countries Political imperialism- Soviet union engaged in a political form of imperialism, to control the governments of other nations (political forms of imperialism often include economic exploitation as well as political control) The term globalization is worldwide a movement towards economic, financial, trade, and communications integration. The emergence of the Unites States as the global power (Post Cold War) -lack of agreement between key nation-states The spread of Christianity after the fall of the Roman Empire. -focus for protest against neo-liberalism, calls for greater transparency 3. promoting gender equality and women empowerment Happened in the last half of the twentieth century. Independent Voices). -critiques from within (Stiglitz). sub-prime mortgage crisis The waves happen sequentially, building on each other. mortality is the rise of new communities and formation of new social identities and relations that cannot be defined through the traditional reference point of nation-states.