Globalization is The process of world shrinkage, of distances getting shorter and things moving closer. – Thomas Larsson 2001 a term used to describe how trade and technology have made the world into a more connected and interdependent place. the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

1. Globalization
Contemporary World

2. What do you think is the importance of
defining Globalization?

4. Globalization is:
• The process of world shrinkage, of distances getting shorter and things
moving closer. – Thomas Larsson 2001
• a term used to describe how trade and technology have made the world into
a more connected and interdependent place.
• the word used to describe the growing interdependence of the world's
economies, cultures, and populations, brought about by cross-border trade in
goods and services, technology, and flows of investment, people, and
information.

5. When did globalization begin?
• Many scholars say it started with Columbus’s voyage to the New World in
1492.
• As early as in the second century B.C. trade routes were explored which
stretched from ancient China to Rome. In fact, trading is as old as civilization
and the trade route from China to Rome since 2nd century B.C. is famed as
the Silk Road.
• The Silk Road, an ancient network of trade routes across China, Central
Asia, and the Mediterranean used between 50 B.C.E. and 250 C.E. is perhaps
the most well-known early example of early voyage.

6. The Silk Road

7. • The web of globalization continued to spin out through the Age of
Revolution, when ideas about liberty, equality, and fraternity spread like fire
from America to France to Latin America and beyond. It rode the waves
of industrialization, colonization, and war through the eighteenth,
nineteenth, and twentieth centuries, powered by the invention of factories,
railways, steamboats, cars, and planes.
• With the Information Age, globalization went into overdrive. Advances in
computer and communications technology launched a new global era and
redefined what it meant to be “connected.”

8. Answer this:
• How new is globalization?
• What has led to increase globalization?
• What are positive effects of globalization?
• What are the negative effects of globalization?
• What roles do the International Monetary Fund (IMF), the World Bank
(WB) and the World Trade Organization (WTO) play in globalization?
• What are the issues involved in the outsourcing job?
• What do you think is the future of globalization?