The paper "Old and New Waves of Globalization" is an outstanding example of business coursework. By definition, globalization implies a phenomenon where the activities of a large number of business enterprises are performed across borders of different nations. By large extend, it is the fast and continuous process of inter-border movement of goods and services, cultures, and information across nations. However, the globalization concept extends far beyond the movement of export and import from one geographical border to another. Instead, globalization encompasses the activities of firms procuring, manufacturing, and selling goods and services to other firms across borders.
Increased observations of globalization trends have been characterized by factors such as increased trade across national boundaries, a single firm procuring several materials demanded by several countries, and a single organization extending markets in many countries (Lewis & Karl, 2009). Globalization and brought about a fast communication and transportation systems, increased joint ventures and mergers between companies from different countries, and minimized trade barriers that facilitate efficient and effective import and export procedures. Furthermore, globalization did not just start yesterday and thus wrong to believe it as a recent phenomenon in the current world.
Over the decades, the world continued to experience successive trends and rapid changes in globalization, sometimes interrupted by various challenges. In fact, some academicians and scholars maintain and argue a very long view, with a strong argument that globalization is an ancient phenomenon dating back to the time when the Ottoman Empire moved to Europe (Lewis & Karl, 2009). Similarly, other observers consider globalization as starting during the Iberian conquest of the Americas. Certainly, such ancient historical occurrences contained similar features associate today with the idea broad idea of globalization.
Such characteristics include diffusion of technology, significant migration of individuals across borders and territories, assimilation of cultures, and an expansion of trade. A great contrast, however, occurs when some observers consider the current globalization as quite different from the old age globalization with some observing strongly pointing out that current globalization is a totally new paradigm from what happened in the old age. Hobson (2004) for instance salutes and acknowledges globalization as a new world system with its origins after the fall of the great Berlin Wall.
The difference in these views is indeed important in unravelling the question of the difference between the ancient and present globalization. To answer this question, we shall not only consider the historical patterns of globalization but also the nature of current international globalization as compared to the ancient globalization. Old Wave of Globalization Recently, several research papers have been struggling to point out the innovations of globalization since the end of World War I. It is a time during which, businesses, shipping costs fell dramatically resulting in a low distance of natural barriers and hence facilitating the rise of merchandising to heights similar to what is experienced in today’ s world (Lewis & Karl, 2009).
The experience also facilitated massive migration and movement of labor from one country to another. In fact, in the fall of the 19th century, estimates have it that over a million people migrated to the United Nations per year. It also facilitated the migration of European workers to other parts of the world.
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