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The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century ), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization ).
Academic literature commonly divides globalization into three major areas: economic globalization, cultural globalization, and political globalization. [ 12 ] Proponents of globalization point to economic growth and broader societal development as benefits, while opponents claim globalizing processes are detrimental to social well-being due to ...
Geopolitical economy is a contemporary Marxist approach to understanding the capitalist world historically. [1] It was proposed by Radhika Desai in her Geopolitical Economy: After US Hegemony, Globalization and Empire [2] as a critique of contemporary mainstream theories of International political economy (IPE) and International relations (IR). [3]
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.
The transnational capitalist class (TCC), also known as the transnational capitalist network (TCN), in neo-Gramscian and Marxian-influenced analyses of international political economy and globalization, is the global social stratum that controls supranational instruments of the global economy such as transnational corporations and heavily influences political organs such as the World Trade ...
The term first came into a widespread usage in the United States of America. [18] The earliest use of the word is from 1943, in the book The War for Man's Soul by Ernst Jäckh, who used it to describe Adolf Hitler's global ambitions. [19] [3] The modern concept of globalism arose in the post-war debates of the 1940s in the United States. [20]
Barron's senior managing editor Lauren Rublin interviews TS Lombard's Freya Beamish and Guggenheim Partners CIO Scott Minerd about the impact of deglobalization on countries, companies, and investors.
"First globalization" is a phrase used by economists to describe the world's first major period of globalization of trade and finance, which took place between 1870 and 1914. The "second globalization" began in 1944 and ended in 1971. This led to the third era of globalization, which began in 1989 and continues today. [1]