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Globalisation
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialisation''). It developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post–Cold War world. The origins of globalization can be traced back to the 18th and 19th centuries, driven by advances in transportation and communication technologies. These developments increased global interactions, fostering the growth of international trade and the exchange of ideas, beli ...
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International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization. These organizations work towards the ...
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Saskia Sassen
Saskia Sassen (born January 5, 1947) is a Dutch-American sociologist noted for her analyses of globalization and international human migration. She is a professor of sociology at Columbia University in New York City, and the London School of Economics. The term '' global city'' was coined and popularized by Sassen in her 1991 work ''The Global City: New York, London, Tokyo''. Education From 1966, Sassen spent a year each at the Université de Poitiers, France, the Università degli Studi di Roma, and the University of Buenos Aires, for studies in philosophy and political science. From 1969, Sassen studied sociology and economics at the University of Notre Dame, Indiana, where she obtained a M.A. in 1971 and a Ph.D. degree in 1974, under the direction of Fabio Dasilva. She also received a master's degree in philosophy from the University of Poitiers in 1974. Academic posts After being a post-doctoral fellow at the Center for International Affairs at Harvard University, Sasse ...
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History Of Globalization
The historical origins of globalization (also known as historical globalization) are the subject of Globalization studies, ongoing debate. Though many scholars situate the Timeline of international trade, origins of globalization in the modern era (around the 19th century), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization). The period in the history of globalization roughly spanning the years between 1600 and 1800 is in turn known as the proto-globalization. Periodization Thomas L. Friedman divides the history of globalization into three periods: Globalization 1.0 (1492–1800), Globalization 2.0 (1800–2000) and Globalization 3.0 (2000–present). He states that Globalization 1.0 involved the globalization of countries, Globalization 2.0 involved the globalization of companies and Globalization 3.0 involves the globalization of individuals. Klaus Schwab, founder and Executive Chairman of the World Econ ...
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Global City
A global city (also known as a power city, world city, alpha city, or world center) is a city that serves as a primary node in the global economic network. The concept originates from geography and urban studies, based on the thesis that globalization has created a hierarchy of strategic geographic locations with varying degrees of influence over finance, trade, and culture worldwide. The global city represents the most complex and significant hub within the international system, characterized by links binding it to other cities that have direct, tangible effects on global socioeconomic affairs. The criteria of a global city vary depending on the source. Common features include a high degree of urban development, a large population, the presence of major multinational companies, a significant and globalized financial sector, a well-developed and internationally linked transportation infrastructure, local or national economic dominance, high quality educational and resear ...
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New World
The term "New World" is used to describe the majority of lands of Earth's Western Hemisphere, particularly the Americas, and sometimes Oceania."America." ''The Oxford Companion to the English Language'' (). McArthur, Tom, ed., 1992. New York: Oxford University Press, p. 33: "[16c: from the feminine of ''Americus'', the Latinized first name of the explorer Amerigo Vespucci (1454–1512). The name ''America'' first appeared on a map in 1507 by the German cartographer Martin Waldseemüller, referring to the area now called Brazil]. Since the 16th century, the term "New World" has been used to describe the Western Hemisphere, often referred to as the Americas. Since the 18th century, it has come to represent the United States, which was initially colonial British America until it established independence following the American Revolutionary War. The second sense is now primary in English: ... However, the term is open to uncertainties: ..." The term arose in the early 16th ...
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Age Of Discovery
The Age of Discovery (), also known as the Age of Exploration, was part of the early modern period and overlapped with the Age of Sail. It was a period from approximately the 15th to the 17th century, during which Seamanship, seafarers from European countries explored, colonized, and conquered regions across the globe. The Age of Discovery was a transformative period when previously isolated parts of the world became connected to form the world-system, and laid the groundwork for globalization. The extensive overseas exploration, particularly the opening of maritime routes to the East Indies and European colonization of the Americas by the Spanish Empire, Spanish and Portuguese Empire, Portuguese, later joined by the British Empire, English, French colonial empire, French and Dutch empire, Dutch, spurred International trade, international global trade. The interconnected global economy of the 21st century has its origins in the expansion of trade networks during this era. T ...
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Modernity
Modernity, a topic in the humanities and social sciences, is both a historical period (the modern era) and the ensemble of particular Society, socio-Culture, cultural Norm (social), norms, attitudes and practices that arose in the wake of the Renaissancein the Age of Enlightenment, Age of Reason of 17th-century thought and the 18th-century Age of Enlightenment, Enlightenment. Commentators variously consider the era of modernity to have ended by 1930, with World War II in 1945, or as late as the period falling between the 1980s and 1990s; the following era is often referred to as "postmodernity". The term "contemporary history" is also used to refer to the post-1945 timeframe, without assigning it to either the modern or postmodern era. (Thus "modern" may be used as a name of a particular era in the past, as opposed to meaning "the current era".) Depending on the field, modernity may refer to different time periods or qualities. In historiography, the 16th to 18th centuries are ...
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History Of Globalization
The historical origins of globalization (also known as historical globalization) are the subject of Globalization studies, ongoing debate. Though many scholars situate the Timeline of international trade, origins of globalization in the modern era (around the 19th century), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization). The period in the history of globalization roughly spanning the years between 1600 and 1800 is in turn known as the proto-globalization. Periodization Thomas L. Friedman divides the history of globalization into three periods: Globalization 1.0 (1492–1800), Globalization 2.0 (1800–2000) and Globalization 3.0 (2000–present). He states that Globalization 1.0 involved the globalization of countries, Globalization 2.0 involved the globalization of companies and Globalization 3.0 involves the globalization of individuals. Klaus Schwab, founder and Executive Chairman of the World Econ ...
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International Diplomacy
Diplomacy is the communication by representatives of state, intergovernmental, or non-governmental institutions intended to influence events in the international system.Ronald Peter Barston, ''Modern Diplomacy'', Pearson Education, 2006, p. 1 Diplomacy is the main instrument of foreign policy which represents the broader goals and strategies that guide a state's interactions with the rest of the world. International treaties, agreements, alliances, and other manifestations of international relations are usually the result of diplomatic negotiations and processes. Diplomats may also help shape a state by advising government officials. Modern diplomatic methods, practices, and principles originated largely from 17th-century European customs. Beginning in the early 20th century, diplomacy became professionalized; the 1961 Vienna Convention on Diplomatic Relations, ratified by most of the world's sovereign states, provides a framework for diplomatic procedures, methods, and con ...
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Disputes
Controversy (, ) is a state of prolonged public dispute or debate, usually concerning a matter of conflicting opinion or point of view. The word was coined from the Latin ''controversia'', as a composite of ''controversus'' – "turned in an opposite direction", and also means an exercise in rhetoric practiced in Rome. Legal In the jurisprudence, theory of law, a controversy differs from a legal case; while legal cases include all suits, Criminal law, criminal as well as civil law (common law), civil, a controversy is a purely civil proceeding. For example, the Case or Controversy Clause of Article Three of the United States Constitution (Article Three of the United States Constitution#Section 2: Judicial power, jurisdiction, and trial by jury, Section 2, Clause 1) states that "the judicial Power shall extend ... to Controversies to which the United States shall be a Party". This clause has been deemed to impose a requirement that United States federal courts are not pe ...
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Post–Cold War Era
The –Cold War era is a period of history that follows the end of the Cold War, which represents history after the dissolution of the Soviet Union in December 1991. This period saw many former Soviet republics become sovereign states, as well as the introduction of market economies in Eastern Europe. This period also marked the United States becoming the world's sole superpower. Relative to the Cold War, the period is characterized by stabilization and disarmament. Both the United States and Russia significantly reduced their nuclear stockpiles. The former Eastern Bloc became democratic and was integrated into the world economy. In the first two decades of the period, NATO underwent three enlargements, and France reintegrated into the NATO command. Russia formed the Collective Security Treaty Organization to replace the dissolved Warsaw Pact, established a strategic partnership with China and several other countries, and entered the Shanghai Cooperation Organisation and B ...
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