16th century age of discovery European renaissance the protestant reformation

18th century the American revolution the French Revolution the great divergence the industrial Revolution the Russian Revolution

historical events staring from 1945. rose of strong centralized government

Group of people with common language, history, culture, and geographic territory

association of people characterized by formal institution of government, including laws, permanent...

Element of state

tied into three important frames. cultural, political, and economics

the first driver of globalization

he reached the farthest point of the oriental world to which the fusion of greco-macedonian culture with that of Asia became feasable

Roman Empire from the west Chinese Empire from the east

Author of the book "the world is flat" globalization is the interviewing of market and technology..

Expansion and intensification of social relations and consciousness across world time and space

intensification of worldwide social relations linking distant localities in such a way that local happenings are shaped by events occurring many thousand times

Globalization to the increasing integration of economies around the world, particularly through the movement of goods services and capital sccross borders

Lifting of barriers and easing of rules governing the interstates commerce, human flow, and accessibility to communication and information services.

conflict, disparity, and crisis generated by the open market system paved the way for the existence of friction as a metaphor of globalization.

Refers to the exponential growth of technological Capacity in furthering a new height of globalization to which human beings will co-exist with intelligent machines which may lead to generation of enormous wealth but with threat of massive dislocation.

metaphor of globalization, start up innovations are likely to outperform branded products over markets they dominated for long time

Individuals, business organizations, and state economies that cannot keep pace with global changes due to technological, economic and other factors will be displaced

establishment of infrastructures that enhance global competitiveness amidst the expanding international market capitalistic system

played a pivotal role in shaping the global economy,

spearheaded Europe's economic dominance, particularly during the First Industrial Revolution in the 18th century.

transformed economic structures, material wealth, and had significant impacts on global climate.

four factors of production

the first to advocate capitalism as the best way to organize the market structure.

contradicts the menace of capitalism

private property and profit based economy are strictly prohibited.

two most powerful counties

demonstrated its dissonant voice against greedy capitalism

A state has a core responsibility to provide and ensure sustainable living to its constituents.

There are few governments which are considered hostile to international trade such as North Korea

A tariff exists when taxes are being imposed on foreign goods by a local market.

Includes quota, embargo, prohibition, and exchange control

multinational corporations can be acknowledged as the key driver of globalization -operation,workforce,profitability,innovation,contributionpolitical and economic clout