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Coined in the early 20th century, the term "Balkanization" traces its origins to the depiction of events during the Balkan Wars (1912–1913) and the First World War (1914–1918). It did not emerge during the gradual secession of Balkan nations from the Ottoman Empire over the 19th century, but was coined at the end of the First World War.
This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
However, the amount of merchant goods that were produced for the merchandise trade grew. The trade in services also grew more important in the 20th compared to the 19th century. The last point that distinguishes the global trade in the 19th century compared to the global trade in the 20th century, is the extent of multinational cooperation.
The shape of a state is determined by the political boundaries and geography that determine its territory, and that shape impacts the politics and economies of the state. [1] The six categories of state shapes are: compact; elongated or attenuated; fragmented; prorupted or protruded; perforated; and compound or complex. [2] [3] [4]
World War I disrupted economic globalization, with countries adopting protectionist policies and trade barriers, slowing global trade. [7] The 1956 invention of containerized shipping and larger ship sizes reduced costs, facilitating global trade. [8] [9] Globalization resumed in the 1970s as governments highlighted trade benefits.
World citizen badge. Global studies – interdisciplinary and multidisciplinary academic study of globalizing forces and trends. Global studies may include the investigation of one or more aspects of globalization, but tend to concentrate on how globalizing trends are redefining the relationships between states, organizations, societies, communities, and individuals, creating new challenges ...
International capital market integration was impressive during this period. By 1914, foreign assets accounted for nearly 20% of the worlds GDP. A figure, that was not measured again until the 1970s. Europe was the main moving power. In 1914, over 87% of total foreign investment belonged to European countries.