How globalization changed the world

Some experts see it as a driving force for economic development.

How globalization changed the world

The globalized world has been shaped by some larger-than-life people who are all but forgotten in modern times.

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The Story of Globalization Through Ten Extraordinary Lives, pinpoints the 10 key people who changed the world and ushered in new eras of globalization, starting with a nuanced look at Genghis Khan and hopping to characters including a British prime minister and a Portuguese prince.

Garten is dean emeritus at the Yale School of Management, where he teaches courses on the global economy and crisis management. An edited transcript of his conversation appears below.

You have a unique historical viewpoint on a lot of things in life, correct? I think that it is very useful to have a historical context for talking about today or for talking about the future. It gives our understanding more texture and grounding in reality.

The term globalization has really taken on a life of its own in the last 30 years or so. An awful lot of people became conscious that we were living in a smaller, more interconnected world. After that embargo, there were more and more events that really drove that point home.

What is it today that encourages companies to look to expand their operations and reach across the globe?

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What is it that has spurred on a lot of these companies to take this viewpoint? Looking at the last 30 years or so, all kinds of barriers between sovereign countries have really dissolved. Trade barriers have declined. World tariff rates are very, very low. Other kinds of trade obstacles, regulations and quotas are down more than they had been in many, many years.

In a way, we are dealing with a global market with fewer and fewer barriers. That naturally leads to strategies that force companies to expand to all the corners of the world. Your book profiles 10 individuals who had a great impact on globalization in their own ways.

How globalization changed the world

It is interesting that you go all the way back to look at Genghis Khan and take a global perspective on his empire building. Here is what I tried to do. I started by thinking about the global setting in which we live and how our world is getting smaller. I wanted to give it a really fresh context.

So I looked at globalization from pretty much when it started. I concluded that it was about 60, years ago when some families in Africa basically stood up and walked out.

How Globalization Affects Developed Countries

They were looking for more food and a more secure situation. I concluded that the history of the human race is pretty much synonymous with the history of globalization.

While we all know of Genghis Khan for his brutality, I wanted to show that this guy basically brought all the world — from the Pacific Ocean to what we used to call Eastern Europe — under one political roof. After the brutal conquering, he set up communication systems and transportation systems, and he figured out a way to administer all these different cultures.

In many ways, this was the first age of globalization that we can relate to. This is when globalization started in some kind of sophisticated way. Believe it or not, in the time of his sons, you could travel from what is now Korea all the way to Hungary.Globalization is the new fault line on the world’s ideological map: Most people seem to be either passionate supporters or violent opponents.

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There is virtually no middle ground. The phenomenon of globalization began in a primitive form when humans first settled into different areas of the world; however, it has shown a rather steady and rapid progress in recent times and. With globalization, a company in one country can now sell its products in another country halfway around the world.

Furthermore, it can build stores and factories there, invest in . This saying has never been more true, and if trends continue to develop the way they are, the world may continue to shrink.

In light of advanced technology, higher demands from markets and faster turnaround times, globalization has become a staple for world commerce. In the U.S., the term globalization often has negative connotations.

How is Globalization Changing the Way We Live? Globalization, the name given to the ever-increasing integration of the people, business interests, and governments of countries across the globe, is a contentious issue with an critics argue that the homogenization of cultures is steamrolling indigenous cultures around the world.

Globalization Has Changed Over The World Words | 6 Pages In the past few decades globalization has been rapidly intensifying, as nation states are being more and more interdependent towards one another culturally, politically and socially, the world has almost become a single network of complex relations between states.

How Does Globalization Affect the World Economy? | Bizfluent