Globalization Flashcards
How far can you trace back the beginnings of globalization?
1870-1914
why is globalization a fragile process
has come to an abrupt end many times due to inevitable consequences
What was the name of the trade routes that served as networks for ideas, cultures, beliefs,
and languages?
didn’t have a name for a while until german geologist named it the Silk Road (die seidenstassen)
What was the earliest known example of religious globalization that occurred over
Central Asia?
Buddhism traveled from India, over Central Asia, to China and East Asia
What were the maritime routes between Asia and Europe during the first millennium
the Red Sea to the coasts of India, the Bay of Bengal to SE Asia, SE Asia to South China
What is political hegemony? What are its key ingredients?
one country has political dominance over other countries, supported by legitimating norms and ideas, dominated people consent; coercion and consent
How did the Mongols impact globalization during the Pax Mongolica era
united the Silk Road into one big route that connected Central Asia, South Asia, East Asia, SE Asia, Europe, and the Islamic world through international trade; also eventually caused black plague to spread and millions of deaths
What was the significance of the discovery of the Cape of Good Hope?
Arabs had monopolized Asian maritime trade and Europeans wanted to bypass them by finding a direct sea route to India, found the Southern tip of Africa
What was the role of Naval power in globalization?
provided protection for economic interests in distant lands and merchant ships in distant waters
What contributed to the initial conditions for capitalist development in Western Europe
during 1500-1780?
mercantile expansion of trade from 1500-1870 led to expansion in commerce and increase in urbanization, led to social, political, and institutional change
What factors played a critical role in driving the search for new technologies during the
late eighteenth century in Britain?
high wages, cheap capital, and cheap energy; competition from Asian manufacturers and shortages of wood following deforestation
What played a transformative role in the mechanization of industrial production during
the Industrial Revolution in Britain?
the invention of the cotton mill, steam engine, and cheap iron
What were the three key developments that laid the foundations for the next wave of
globalization around 1870, according to the passage?
the industrial revolution in Britain, emergence of a new form of colonialism - British/European imperialism over Asia and Africa, and the revolution in transport and communication - invention of steamship, railway, and telegraph = broke down geographical barriers
When did the era of the next wave of globalization (in the Age of Empire), marked by a
rapid expansion of trade, investment, and finance across borders, come to an end and why?
1914 because of WW1
How did imperialism contribute to the expansion of international trade during the late
19th and early 20th centuries (1870-1913)
imperialism forced open markets, free trade was imposed on Asia, Africa, and Latin America; Britain imposed free trade on India & the Netherlands on Indonesia, resulted in the rapid expansion of international trade