Contemporary vs. Historical Globalization

What is contemporary globalization in comparison to historical globalization?

Economic globalization can be understood in different forms. Aspects of the Age of Globalization emerged around the eighteenth century. The contemporary era of globalization is considered to have emerged in the twentieth century.

Historical and Contemporary Globalization

Review the ideas in Module 2 that formed the foundation of historical globalization:

  • the rise of capitalism

  • industrialization

  • imperialism

  • Eurocentrism

Review the motivations for creating the international monetary system, the World Bank, and the expansion of the free market economy at the end of the Cold War. This information can be found on the reading pages 209 to 213 in Perspectives on Globalization.

Which political and economic ideas and factors have most contributed to the expansion of contemporary economic globalization? 

There are diverse understandings of how contemporary economic globalization developed. Is globalization a good thing? 

 

Read pages 214-218 and page 229-240. 

Read about people of economic influence on pages 214 to 216 in Perspectives on Globalization.

Read about the link between freer trade and economic globalization, the regulation of freer trade, and freer trade between Canada and the United States on pages 217 and 218 in Perspectives on Globalization.

Read about international agreements on pages 229 to 235 in Perspectives on Globalization.

Read about transnationals on pages 236 to 240 in Perspectives on Globalization.

 Read about telecommunications and transportation technologies on pages 241 to 245 in Perspectives on Globalization.

Internet

View the interview with Naomi Klein, the author of No Logo: Taking Aim at the Brand Bullies. The interview can be found in the CBC Archives.

Take a look at this economic rap between Keynes and Hayek? What major differences do these economists have? 

Video