GLOBL 2 Lecture Notes - Lecture 8: Market Participant
Document Summary
Stearns, the 1850s as turning point: the birth of globalization? . Globalization began in the 1850s, before revolutions in business networks and transportation; globalization has occurred over centuries, but was especially catalyzed by industrialization. Industrialization transformed the global economy into what it is today and is the reason we can get so many goods at reasonable prices from all around the world. A nation is a concept that has fluid meaning due to its strange and unnatural roots; it inorganically divides people based on several different factors such as ethnicity, religion, language and race. Because of how interconnected today"s world is becoming, it is extremely important to not self-segregate or make assumptions of people solely based on their geographical location. Benhabib, citizens, residents, and aliens in a changing world: political membership in the global.
