Lesson 2: History/Theories of Globalization Flashcards
Roughly occurred over the 19th century ending in 1914
First wave of globalization
The end of the World War II marked a new beginning for the global economy. Under the leadership of a new hegemon, the United States of America, and aided by the technologies of the Second Industrial Revolution, like the car and the plane, global trade started to rise once again
Second wave of globalization
When the wall dividing East and West fell in Germany, and the Soviet Union collapsed, globalization became an all-conquering force
Third wave of globalization
Scientific Revolution:
Age of Discovery
Raw Materials/Basic Goods:
Age of Discovery
Europe:
Age of Discovery
Textiles/Industrial Goods
Globalization 1.0
1st Industrial revolution:
Globalization 1.0
Railroad and trains:
Globalization 1.0
Ships, and navigation:
Age of Discovery
Britain:
Globalization 1.0
Factories:
Globalization 2.0
2nd Industrial Revolution:
Globalization 2.0
Automobiles and Plane:
Globalization 2.0
World:
Globalization 2.0
Global Supply Chain:
Globalization 3.0
3rd Industrial Revolution:
Globalization 3.0
United States:
Globalization 3.0
Computers, Internet:
Globalization 3.0
Digital Goods/Services
Globalization 4.0
4th Industrial Revolution
Globalization 4.0
Artificial Intelligence
Globalization 4.0
China:
Globalization 4.0
Sees the process of globalization as market-led extension of modernization. At the most elementary level, it is a result of ‘natural’ human desires for economic welfare and political liberty.
Theory of Liberalism
Transplanetary connectivity is derived from human drives to maximize material well-being and to exercise basic freedoms. These forces eventually interlink humanity across the planet
Theory of Liberalism
Stress the necessity of constructing institutional infrastructure to support globalization
Theory of Liberalism