Who are the biggest winners and losers in a globalised world

By Ian Verrender Posted June 27, How good were the good old days? The Not So United Kingdom and the rest of the world are now about to find out. In the process, we all might discover a few home truths.

Who are the biggest winners and losers in a globalised world

Archaic globalization Archaic globalization conventionally refers to a phase in the history of globalization including globalizing events and developments from the time of the earliest civilizations until roughly the s.

This term is used to describe the relationships between communities and states and how they were created by the geographical spread of ideas and social norms at both local and regional levels. The first is the idea of Eastern Origins, which shows how Western states have adapted and implemented learned principles from the East.

The second is distance. The interactions of states were not on a global scale and most often were confined to Asia, North Africathe Middle Eastand certain parts of Europe. Eventually, technological advances allowed states to learn of others' existence and thus another phase of globalization can occur.

The third has to do with inter-dependency, stability, and regularity. If a state is not dependent on another, then there is no way for either state to be mutually affected by the other.

This is one of the driving forces behind global connections and trade; without either, globalization would not have emerged the way it did and states would still be dependent on their own production and resources to work. This is one of the arguments surrounding the idea of early globalization.

It is argued that archaic globalization did not function in a similar manner to modern globalization because states were not as interdependent on others as they are today.

Because it predated the Great Divergence of the nineteenth century, where Western Europe pulled ahead of the rest of the world in terms of industrial production and economic outputarchaic globalization was a phenomenon that was driven not only by Europe but also by other economically developed Old World centers such as GujaratBengalcoastal Chinaand Japan.

This archaic globalization existed during the Hellenistic Agewhen commercialized urban centers enveloped the axis of Greek culture that reached from India to Spainincluding Alexandria and the other Alexandrine cities. Early on, the geographic position of Greece and the necessity of importing wheat forced the Greeks to engage in maritime trade.

Trade in ancient Greece was largely unrestricted: Maize, tomato, potato, vanillarubber, cacaotobacco Trade on the Silk Road was a significant factor in the development of civilizations from China, Indian subcontinentPersiaEurope, and Arabiaopening long-distance political and economic interactions between them.

In addition to economic trade, the Silk Road served as a means of carrying out cultural trade among the civilizations along its network. Proto-globalization " Early modern -" or "proto-globalization" covers a period of the history of globalization roughly spanning the years between and The concept of "proto-globalization" was first introduced by historians A.

Hopkins and Christopher Bayly. The term describes the phase of increasing trade links and cultural exchange that characterized the period immediately preceding the advent of high "modern globalization" in the late 19th century.

In the 17th century, world trade developed further when chartered companies like the British East India Company founded in and the Dutch East India Company founded inoften described as the first multinational corporation in which stock was offered were established. The period is marked by such trade arrangements as the East India Companythe shift of hegemony to Western Europe, the rise of larger-scale conflicts between powerful nations such as the Thirty Years' Warand the rise of newfound commodities—most particularly slave trade.

The Triangular Trade made it possible for Europe to take advantage of resources within the Western Hemisphere. The transfer of animal stocks, plant crops, and epidemic diseases associated with Alfred W.

Crosby 's concept of the Columbian Exchange also played a central role in this process. European, MuslimIndian, Southeast Asianand Chinese merchants were all involved in early modern trade and communications, particularly in the Indian Ocean region.

During the early 19th century the United Kingdom was a global superpower. Modern[ edit ] According to economic historians Kevin H. O'Rourke, Leandro Prados de la Escosura, and Guillaume Daudin, several factors promoted globalization in the period Innovations in transportation technology reduced trade costs substantially.

New industrial military technologies increased the power of European states and the United States, and allowed these powers to forcibly open up markets across the world and extend their empires.

A gradual move towards greater liberalization in European countries. During the 19th century, globalization approached its form as a direct result of the Industrial Revolution. Industrialization allowed standardized production of household items using economies of scale while rapid population growth created sustained demand for commodities.

In the 19th century, steamships reduced the cost of international transport significantly and railroads made inland transportation cheaper.

The transport revolution occurred some time between and The invention of shipping containers in helped advance the globalization of commerce. Exports nearly doubled from 8. Many countries then shifted to bilateral or smaller multilateral agreements, such as the South Korea—United States Free Trade Agreement.

Since the s, aviation has become increasingly affordable to middle classes in developed countries. Open skies policies and low-cost carriers have helped to bring competition to the market. In the s, the growth of low-cost communication networks cut the cost of communicating between different countries.

More work can be performed using a computer without regard to location. This included accounting, software development, and engineering design.Related: Volatile Growth in a Globalised Economy: Michael Pettis This is the kind of global environment that diminishes every country’s potential growth.

The safe bet is that we will not see a return to the kind of growth that the world – especially the developing world – .

Full FT.com access for your team or business

Soya bean drought creates winners and losers. Droughts have Argentina’s farmers bracing for disappointing harvests. However, the price of affected crops . Globalization - Winners and losers.

continued from» Global Cities. This chapter will give an overview of “losers” and “winners” of the globalization, and as the undoubtedly ‘winner’ heartoftexashop.com reason for China to be a big winner will also be revealed.

"The Martians" were a group of prominent Hungarian scientists of Jewish descent (mostly, but not exclusively, physicists and mathematicians) who emigrated to the United States during and after World War II due to Nazism or Communism.

Globalization - Wikipedia

The world is increasing influenced by Multination Corporation and global brand. Nowadays, the idea that globalisation produces winners and losers are widely accepted.

The winners and losers from globalisation can separated into two general categories. One is developing countries and the other one is.

LensOnNews, the best online source for news, analysis and opinion on India; also features the best commentary on business, economy and world affairs.

Who are the biggest winners and losers in a globalised world
Subscribe to read | Financial Times