History of Globalization:

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The term of ‘ Globalization ‘ was introduced by Pro. Theodore Levitt. The historical background of Globalization can be discussed on three stages.

Globalization🌎🌏

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Stage:1 Stage:2 Stage:3 Archaic Proto Modern

Archaic Globalization🌏🌎 :

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🌟According to Andre Gunder Frank,Globalization has been in existence since the rise of trade links between sumer and Indus Valley civilization in the 3rd millennium BC (BCE).
🌟An early form of Globalization economics and culture ,known as Archaic Globalization existed during the Hellenistic Age.

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🌟When commercialized urban centers were focused around the axis of Greek culture over a wide range that stretched from India to Spain with such cities as Alexandria, Athens and anthioch ,as its center.
🌟An early from of Globalization in the trade link between the Roman Empire, Parthian Empire and the Han Dynasty inspired the development of the Silk Road.
🌟The Islamic Golden Age was also an important early stage of Globalization.

Proto Globalization 🌏🌎:

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🌟 Proto – Globalization is characterized by the rise of maritime European empires,in thec16 th and 17th centuries.
🌟In the 17th century, Globalization became private business phenomenon like British East India Company was founded in 1600.

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🌟The first Dutch East India Company was found in 1602.
🌟In 16 th Century, Portuguese started establishing trading posts (factories) from Africa to Asia and Brazil.

Modern Globalization🌎🌏 :

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🌟The 19th century witnessed the advent of Globalization approaching its modern form.
🌟Between the Globalization in the 19th and in the 20 th Century there are significant differences.

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🌟The global trade in this centuries as well as the capital, investment and the economy and another one is the global trade in the 20th century shows a higher share of trade in merchant production.
🌟 A growth of the grade in services and the rise of production and trade by multinational firms.
🌟Multinational trade contracts and agreements have been signed ,like the General Agreement on Tariffs and Trade [GATT] and World Trade Organization [WTO].

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