Globalization 101 - It's A Small World After All

http://kids.niehs.nih.gov/lyrics/smworld.htm

It's a world of laughter

A world of tears

It's a world of hopes

And a world of fears

There's so much that we share

That it's time we're aware

It's a small world after all

Why Globalization?

•Globalization – A “smaller world”
•People are closer together
•A world closer in time and space
•A world without borders
•Goods, services and ideas move faster or instantly.
•Driven by technology
–Transportation – Shipping, Containerization Accessible Air travel
–Communication – Television, the Internet, Cell Phones, PDAs

Globalizations I, II, III, IV, V, VI, VII

•Often speak of Globalization I (Pre-WWI) and II (Post Cold War), with a hiatus in the middle, but one can identify 7 phases of Globalization:
•I. Early Man: Globalization is inherent in the human condition; man originated in Ethiopia 200,000 + years ago and occupied the entire world 20,000 years ago.
•II. Ancient Empires: China, Rome, Italian explorers, Arab traders
•III. Colonial empires of Spain, Portugal, England, France, Holland – Mercantilism
•IV. British Empire - Naval Supremacy 18th /mid-19th Century to WWI
•V. Cold War – Post WWII - US vs. USSR, the UN, Decolonization, Independence movements, accelerated technological development, space exploration, micro processing, the internet
•VI. American Hegemony – Post Cold War, Rise of Islamic Radicalism, Transnationalism, NGOs, Uni-polarity
•VII. Post-Modern: 9/11, 2008/9 Recession, Multi-polarity, Uncertainty