https://padlet.com/ngv1688/ECONOMICGLOABLIZATION Contemporary World en-us 2021-10-23 16:11:06 UTC 2026-01-10 02:00:33 UTC hello@padlet.com https://padlet.net/icons/png/1f310.png ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838193657 After being transported hundreds of kilometers over the Silk Road, luxury goods from China began to appear in Rome for the first time in history. Trade had ceased to be a regional activity and had begun to become global. Because two large empires dominated much of the Silk Road, it was able to thrive. The development of a new hegemonic empire, the Mongols, caused it to reopen in Marco Polo's late medieval time.]]> 2021-10-23 16:37:06 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838193657 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838214391 During the Middle Ages, spices were the mainstay of Islamic trade. Spices, unlike silk, have historically been traded mostly by water. By the Middle Ages, however, they had established themselves as a true global trading center.]]> 2021-10-23 16:56:23 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838214391 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838222234 These companies are from the British and the Dutch East India. The powerful Dutch East India Company, which imported porcelain, spices, and exotica to Europe, was the first economic body to unite East and West; in fact, it was the first international firm.]]> 2021-10-23 17:04:31 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838222234 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838237935 European explorers connected East and West throughout this time period, from the end of the 15th century forward, and unintentionally discovered the Americas. The Portuguese, Spanish, and subsequently the Dutch and English, aided by discoveries made during the so-called "Scientific Revolution" in the fields of astronomy, mechanics, physics, and shipping, first "found," then subdued, and finally integrated new lands into their economies. Trade became increasingly worldwide, and it was even the catalyst for the commencement of the Age of Discovery. However, the global economy that resulted was still highly compartmentalized and imbalanced. The European empires established global supply systems, but primarily with colonies.]]> 2021-10-23 17:19:21 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838237935 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838241451 Following the Napoleonic wars, the industrial revolution spread to Continental Europe and North America, too.]]> 2021-10-23 17:22:53 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838241451 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838243988 Globalization’s first wave, which lasted from 1870 to 1914, is viewed today as the embodiment of the liberal open economic paradigm. This period saw the spread of international trade, built on the exchange of Western manufactures for developing economies’ primary commodities along low-tariff corridors. ]]> 2021-10-23 17:25:35 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838243988 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838245611 Trade equaled to 16–17% of world income, thanks to the transport revolution: steamships and railroads reduced transaction costs and bolstered both internal and international exchange (Held et al., 1999).]]> 2021-10-23 17:27:19 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838245611 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838247374 Created at the Bretton Woods Conference in 1944 to promote international monetary cooperation, stabilize currency exchange rates, and increase global liquidity (access to hard currencies).

]]> 2021-10-23 17:29:04 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838247374 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838252514 The new mass media, such as film, radio, and television, as well as recorded music, were used to export western culture over the world. International transportation and telecommunications development and growth played a critical part in modern globalization. Cultural Globalization started to rise. ]]> 2021-10-23 17:34:27 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838252514 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838256048 OCT 24, 1945. The formation of the United Nations in 1945 demonstrated the interconnections and interdependence of the world's economies. It facilitated the advancement of institutions.

]]> 2021-10-23 17:35:57 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838256048 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838258386 The ratio of the richest regions GDP per capita to 15 and peaked at 18 at the turn of the new millennium. ]]> 2021-10-23 17:38:15 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838258386 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838261824 Mobutu Sese Seko, President of Zaire (now the Democratic Republic of the Congo) who seized power in a 1965 coup and ruled for some 32 years (he embezzled international development funds- the IMF)]]> 2021-10-23 17:41:47 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838261824 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838266005 Organizations attempting to compete globally in the 1970s and 1980s were handicapped by a lack of agility that resulted from bloated management structures. To increase their flexibility and creativity, many large companies developed a new strategy of focusing on their core business, which required identifying critical processes and deciding which could be outsourced.]]> 2021-10-23 17:46:11 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838266005 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838268795 As Eastern Europe's Cold War thawed, East Berlin's Communist Party spokesman proclaimed a shift in East Berlin's relations with the West. From midnight that day, he continued, GDR people could freely cross borders. East and West Berliners flocked to the wall, yelling “Tor auf!” They flooded the checkpoints around midnight.

]]> 2021-10-23 17:48:54 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838268795 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838270635 When the World Wide Web was first established in 1991, it enabled humans all over the world to communicate with one another by the internet. To keep information moving and communication between people going, it was employed as a connection.

]]> 2021-10-23 17:50:53 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838270635 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838272396 The WTO was created on January 1, 1995, as part of the Uruguay Round of multilateral trade negotiations. The Uruguay Round was the final of a series of periodic trade discussions sponsored by the WTO's predecessor, the GATT (GATT).

The WTO is the most important global trade body. The member countries decide. The WTO has 151 members and 31 observer states (most of whom have applied for membership).


]]> 2021-10-23 17:52:45 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838272396 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838274671 Cyberspace is the next frontier of globalization in a world increasingly dominated by two global powers: the United States and China. The digital economy, which was in its early stages during the third wave of globalization, is now a force to be reckoned with thanks to e-commerce, digital services, and 3D printing.]]> 2021-10-23 17:55:02 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838274671 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838276949 The Great Depression struck the entire planet simultaneously. The drop in stock prices that resulted from the stock market crisis dragged the economy down, and future adjustments to banks were implemented.]]> 2021-10-23 17:57:26 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838276949 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838320575 COVID-19 pandemic has spread with alarming speed, infecting millions and bringing economic activity to a near-standstill as countries imposed tight restrictions on movement to halt the spread of the virus. As the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades.]]> 2021-10-23 18:42:33 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838320575 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838322075 The Chinese Communist Party (CCP) will celebrate the 100th anniversary of its founding in 1921 and use this as an opportunity to publicize its successes.  ]]> 2021-10-23 18:44:11 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838322075 ngv1688 https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838385097 Please see attached link for the more information about Economic Globalization. ]]> 2021-10-23 19:53:24 UTC https://padlet.com/ngv1688/ECONOMICGLOABLIZATION/wish/1838385097