What are the five waves of globalization?

What are the five waves of globalization?

Terms in this set (5)

• #1. Ancient Civilization (beginning-late Middle Ages): >Thousands of years of trade, migration, and conquest.
• #2. European Age of Exploration (1400s-1800s)
• #3. Age of Imperialism (1870-1914)
• #4. Post WWII Global Cooperation (1945-1980)
• #5. Modern Globalization (1980-present)

What are the waves of globalization?

Waves of globalization

• GLOBLIZATION 1.0:
• GLOBLIZATION 2.0:
• GLOBLIZATION 3.0:
• GLOBALIZATION 4.0.
• (1) Digitally-enabled services:
• (2) Global public-private co-operation:
• (3) New model of education:
• (4) Globally shared purpose:

What are the six waves of globalization?

Jeffrey Sachs provides an overview of the six major waves of globalization: the Great Dispersal, the Neolithic Revolution, Land-Based Globalization, Ocean-Based Globalization, the Anglo-American World, and the New Globalization.

What is first wave of globalization?

Globalization’s first wave, which lasted from 1870 to 1914, is viewed today as the embodiment of the liberal open economic paradigm. This period saw the spread of international trade, built on the exchange of Western manufactures for developing economies’ primary commodities along low-tariff corridors.

How many waves of globalization are there?

This paper looks at the two waves of globalisation (roughly 1820-1914 and 1960-present) focusing on key economic facts (trade investment, migration, and capital flows, Industrialisation/de-industrialisation convergence/divergence) beliefs and policymaking environments.

How many waves does globalization have?

The Three Waves of Globalisation.

What is the second wave of globalization?

The second wave of globalization, usually dated from 1985 to the Present, is characterized by an increase of the goods and services ratio to World GDP of 9 pp, integration of capital markets with an expansion of 23 pp in FDI over GDP, more intense communication and information relationships with significant transfers …

What are the epoch or waves of globalization?

In the last 150 years the Nordic countries have experienced three epochs characterised by greatly increased international integration: the 50 years preceding World War I, the quarter of a century after World War II, and the present time.

What is second wave of globalization?

What are the 3 types of globalization?

There are three types of globalization.

• Economic globalization. Here, the focus is on the integration of international financial markets and the coordination of financial exchange.
• Political globalization.
• Cultural globalization.

What are the 4 main types of globalization?

Types of globalization: Economic, political, cultural

• Economic globalization. Here, the focus is on the integration of international financial markets and the coordination of financial exchange.
• Political globalization.
• Cultural globalization.

What are the 7 types of globalization?

Types of Globalization

• Financial globalization.
• Economic Globalization.
• Technological Globalization.
• Political Globalization.
• Cultural Globalization.
• Ecological Globalization.
• Sociological Globalization.

What do you mean by waves of globalization?

Waves of Globalization. Globalization, in an economics context, refers to the freer cross-border movements of goods and services, labor, technology, real capital, and financial capital to create an integrated and interdependent global economy.

What are the four basic types of globalization?

Based on the four basic business typologies (commodities, standards, specialties, and convenience goods) a new model defines five fundamental types of economic globalization (1a, 1b, 1c, 2, and 3). Globalization Type 1 and subtypes are related to physical material interchange,…

Which is one of the pillars of globalization?

The pillars of economic globalization are international trade, foreign direct investment, and cross-border financial flows. Broadly speaking, globalization also deals with cross-border flows of ideas, political and social values, language, and other components of culture.

How are products of businesses following type 1 globalization produced?

Products of businesses following Type 1 globalization could be produced finally within a single plant operating configuration and shipped physically worldwide whereas products of businesses following a Type 2 globalization are produced locally for the local market.