Globalization: Tracing the Progress

Dilip K. Das

Chapter 2 in The Economic Dimensions of Globalization, 2004, pp 38-66 from Palgrave Macmillan

Abstract: Abstract If globalization is taken to mean that certain dimensions of the global economy, finance, polity, culture and environment are interconnected, then it is hardly a new phenomenon. It began centuries ago. In this chapter, an attempt is made to trace the initial phases of global economic integration by way of expansion of global trade and flows of factors of production. To this end, this chapter, inter alia, focuses on the recent history of globalization and the trends and developments during the preceding two centuries. Globalization endeavors after the Industrial Revolution in Great Britain is the principal focus of this chapter. In order to establish that globalization is not a recent phenomenon, it also dwells upon the important historic periods, namely, the first and second halves of the second millennium, in particular the period followed by the famous voyages of discovery undertaken by Christopher Columbus1 and Vasco da Gama.2

Keywords: Foreign Direct Investment; Gross Domestic Product; Industrial Economy; Economic Dimension; Emerge Market Economy (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3867-1_2

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DOI: 10.1057/9781403938671_2

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