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Feb 9
There are generally three stages of globalization:
1. Stage 1: Early Globalization (1492-1800)
- This stage was characterized by the exploration and colonization of new territories by European powers.
- It involved the establishment of trade routes, the exchange of goods and ideas, and the spread of European influence across the world.
- The primary drivers of globalization during this stage were the search for new resources, the desire for wealth and power, and the spread of Christianity.
2. Stage 2: Modern Globalization (1800-2000)
- This stage was marked by the industrial revolution, technological advancements, and the rise of capitalism.
- It involved the expansion of trade, the development of global markets, and the integration of economies through the exchange of goods, services, and capital.
- The primary drivers of globalization during this stage were industrialization, advancements in transportation and communication, and the pursuit of economic growth and development.
3. Stage 3: Contemporary Globalization (2000-present)
- This stage is characterized by the rapid advancement of technology, the interconnectedness of economies, and the increasing interdependence of nations.
- It involves the globalization of information, finance, and production, as well as the emergence of global issues such as climate change, terrorism, and pandemics.
- The primary drivers of globalization during this stage are technological advancements, the liberalization of trade and investment, and the pursuit of global cooperation and governance.
1. Stage 1: Early Globalization (1492-1800)
- This stage was characterized by the exploration and colonization of new territories by European powers.
- It involved the establishment of trade routes, the exchange of goods and ideas, and the spread of European influence across the world.
- The primary drivers of globalization during this stage were the search for new resources, the desire for wealth and power, and the spread of Christianity.
2. Stage 2: Modern Globalization (1800-2000)
- This stage was marked by the industrial revolution, technological advancements, and the rise of capitalism.
- It involved the expansion of trade, the development of global markets, and the integration of economies through the exchange of goods, services, and capital.
- The primary drivers of globalization during this stage were industrialization, advancements in transportation and communication, and the pursuit of economic growth and development.
3. Stage 3: Contemporary Globalization (2000-present)
- This stage is characterized by the rapid advancement of technology, the interconnectedness of economies, and the increasing interdependence of nations.
- It involves the globalization of information, finance, and production, as well as the emergence of global issues such as climate change, terrorism, and pandemics.
- The primary drivers of globalization during this stage are technological advancements, the liberalization of trade and investment, and the pursuit of global cooperation and governance.
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