Evangelista, Dianne BSTM Assignment 1
Evangelista, Dianne BSTM Assignment 1
Evangelista, Dianne BSTM Assignment 1
BSTM 1Y
2. History of Globalization
Given the increasing amount of literature on globalization and its numerous interpretations,
many scholars agree that presently it is even more important to understand the historical context
of globalization. Much of the literature provided discusses how the global economy of the 21st
century is built upon the foundation and expansion of world commerce and trade established
many centuries ago.
This section presents literature that examines the historical aspects of globalization by looking at
its origins, the history of international economics and trade, and the history of international
finance, exchange and global markets. It is the intention of this section to provide a compilation
of material that presents a historical and comprehensive analysis of the discussion of
globalization.
Economic globalization is measured by the actual flows of trade, foreign direct investment and
portfolio investment, as well as the restrictions applying to these flows.
Social globalization is expressed as the spread of ideas, information, images and people.