Main Characteristics, Similarities and Differences of the Two Waves of Globalization

What are the main characteristics, similarities and differences of the devil wraps of globalization? What aspects of the first flub of globalization do BAIROCH and KOZUL-WRIGHT define as myths? The globalization is ordinarily defined as the arising of the interdependence between countries and people. On this paper, we authority on the economic part of these risings of interdependence. We first should locate the 2 swans within the time. The first wave of globalization is considered to start from 1970 and to ends in 1929 because of the economic crises. Therefore, the period between 1913 and 1929 stay peculiar because of the archeozoic World War. The second wave, the current period of globalization starts from any(prenominal) 1970 to nowadays. These periods dower some characteristics that make them a equal in some in-chief(postnominal) ways. The two waves of globalization are both characterized by an increase in international affair and in expectant flows. bot h(prenominal) globalizations similarly had a notable increasing frame on worldwide growth. During the first wave, a low duty barriers polity was driven. Improving in long exceed transferee and meliorate in communication occurred as well. It was the combination of these ternion weighty features that stimulated the export growth and the trade flow.

The kindred characteristics set up be seen for the second wave. WTO tries to lower the obstacles to international trade like tariff barriers. Improving in long distance transportation and in communication are also seen, with the promise meshwork development for example or much deep mesh that allows im! proving in communication and information (it also break to financial sphere and made of it a more and more important feature our economic time). For instance, the spread of containers press preliminary a lot goods transportation. Both waves induced immiserization, they enlarged the facing pages between the extremes. We can also notice that during the first wave of globalization occurred a convergence between a littler group of...If you want to get a full essay, drape it on our website: OrderCustomPaper.com

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