Question

Explain the three stages of history of globalization.

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Answer 1

Answer:

Explanation:

Phase 1: The Early Voyages of Exploration & Colonization

Phase one begins in 1492, with the voyage of Christopher Columbus to the new world, and continues with later European voyages of exploration that  eventually made possible the formation of Europe’s colonial empires.  Who were these explorers, and why were their voyages unlike passages across  oceans that were made during the prehistoric period, true forerunners   of what we call globalization?

The Italian explorer Christopher Columbus, financed by the Spanish crown, completed four voyages across the Atlantic Ocean that created a European awareness of the North and South American continents. The Portuguese explorer Vasco DA Gama was the first to lead a maritime expedition to India in 1498.  The conquistador Hernan Cortes brought much of Mexico under Spanish control  in the early 16th century. Ferdinand Magellan completed the first circumnavigation of the world between  1519 and 1522 in the service of King Charles I of Spain. Sir Francis Drake achieved the second circumnavigation of the Earth in the  late 16th century, and played the role of a global buccaneer, carrying out attacks and confiscating foreign treasures around the world. These adventurers were globalized for three reasons.

First, they engaged in the state-sponsored acquisition of strategically significant knowledge that enabled nations such as England and Spain to establish colonial empires across the globe.

Second, they carried out state-sponsored expeditions to confiscate wealth that could become the property of the state, thereby  anticipating future alliances between states and private companies.

Third, state sponsorship of global trading monopolies was a foreshadowing of state-sponsored national champion global corporations of the modern era. The monopoly of trade granted to the East India Company by Queen Elizabeth

I in 1600 is a prime example of the state-corporate partnership that today  takes the form of the state capitalism practiced on the large scale by China, and by many other countries. At the same time, the East India Company was the great progenitor of the modern multinational corporation that benefits from the protections  provided by the nation state The limited liability it offered to its shareholders promoted the   development of investment capital by limiting the financial risk undertaken by their investors.

Answer 2

Answer:

1.Proto Globalization

2.Arachaic Globalization

3.Modern Globalization

Explanation:

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