Horse and carriage to Jeep and Alfa Romeo.
Radio to television.
Written letters to typed texts.
To think that we have gone from all being on slightly the same page and having similar ideas, to different countries advancing quicker than others.
Some scholars believe that the origins of globalisation are to be placed in modern times, whilst others place its origin in the time of the European Age of Discovery.
Globalisation is frequently subdivided into 3 areas – economic globalisation, cultural globalisation, and political globalisation.
So what do these 3 areas consist of?
Economic globalisation: “this essentially incorporates the globalisation of production and finance, markets and technology, organizational regimes and institutions, corporations and labour.”
Cultural Globalisation: “this incorporates the transferal of ideas, meanings and values.”
Political Globalisation: “this refers to the growth of the worldwide political system, both in size and complexity.”
The International Monetary Fund (IMF) believe that there are four fundamental aspects of globalisation, this being trade and transactions, capital and investment movements, migration and movement of people, as well as the dissemination of knowledge.
Advances in technology have “generated further interdependence of economic and cultural activities.” Advances such as television, mobile phones and the internet have all assisted in the growth of the economy.
The globalisation of industries has played a large role in advancing the mediums we use today.