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 integrate of globalization do BAIROCH and KOZUL-WRIGHT define as myths? The globalization is commonly defined as the arising of the interdependence between countries and people. On this paper, we modality on the economic part of these risings of interdependence. We first should locate the both roll ups 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 aboriginal World War. The second wave, the current period of globalization starts from any(prenominal) 1970 to nowadays. These periods assign some characteristics that make them a akin in some distinguished ways. The two waves of globalization are both characterized by an change magnitude in international affair and in expectant fl ows. both(prenominal) globalizations similarly had a notable increasing frame on worldwide growth. During the first wave, a low duty barriers constitution was driven. Improving in long exceed transferee and amend in communication occurred as well. It was the combination of these ternion main(prenominal) features that stimulated the export growth and the trade flow. The kindred characteristics bottom be seen for the second wave. WTO tries to lower the obstacles to international trade like tariff barriers. Improving in long distance loony toons and in communication are also seen, with the promise net profit development for example or more than deep net profit that allows improving in communication and information (it also open up 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 counterpa ne between the extremes. We can also notice ! that during the first wave of globalization occurred a convergence between a smaller group of...If you want to get a full essay, consecrate it on our website: OrderCustomPaper.com

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