The paper "Historical Overview of the Globalization Process" is an outstanding example of micro and macroeconomics coursework. Globalization is the international integration of people and entities sometimes called mundialization. The process of globalization comes because of increased human connectivity, interaction and interchange of ideas, culture, products and other aspects of life. Generally, the term globalization refers to the trend of countries joining economically, politically and socially. The globalization process is believed to bring people of all countries together through a common medium like the internet. Nowadays, time and space matter less since people can now reach far places within the shortest time possible and reach out to people who are far apart through telephone or internet. The history of globalization is deeply rooted in ancient times during the European age of discovery and voyages of the new world.
Human interaction over far distances has existed for thousands of years. History reveals that trade existed between continents, people crossed Oceans, Seas, lands to other places in terms of trading. The evidence of the existence of globalization among the communities around the world in early days is seen in languages, arts, religions, philosophies and other aspects of life Husain, A.
(2011). Globalization process was greatly affected by World War I& II because people were restricted to visit certain countries and others feared since there was a lot of insecurity. After the Second World War, politicians around the world organized conferences where major governments such as European countries and American states made agreements and laid down the international monetary policy, finance and commerce. Kinds of globalization Globalization is a broad term and can be subdivided into several categories.
We have economic globalization, which refers to the increased economic interdependence of economies of different countries across the world. Rapid cross-border movement of manufactured goods and services facilitates this. Thus, economic globalization is the increasing the economic integration among countries of the world leading to the creation of the global market. Economic globalization involves o globalization of markets, technology, production, competition and corporations. This is facilitated through literature materials, music, artwork, films, religious doctrines etc. In modern times, people now understand their differences because they have come to learn that, though we are all human beings, we profess different religion, culture and beliefs.
Therefore, the only way to maintain peace and harmony between them is through understanding and appreciating each one’ s beliefs. Finally, we have democratic globalization; it is a movement advocating for a common institution of global democracy (Husain, 2011). Factors promoting globalization In regards to Husain, A. (2011). Globalization is being propelled by numerous factors. First, the improvement in transport and communication network across the world has facilitated the transit of goods and people to reach the destination at the right time. Good road networks, electrified railway systems and the development of air transport have made the world to be a global village.
Some nations have transportation corridors and numerous airports, which connects big cities within the world. Thus, traders, specialists, workers, executives and politicians travel within the shortest time possible to reach long distances regions. The innovation of telecommunication devices such as telephones, fax, telex etc has also eased the communication process in the society.