Compare and Contrast the Current Era of Globalization with the First Age of Globalization (1850s-1920s). What Are the Advantages and Disadvantages of Globalization in Its Current Context?

Inventions such as the steam engine, made it easier to produce more products at a faster rate. The

Globalization, a contested concept among leading theorists in its definition, chronology, and measurement of effects, is almost certainly of a multidimensional nature if such theorists’ perspectives are all taken equally into consideration. The broad phenomenon of globalization can therefore be scrutinised more closely by separation and analysis of individual dimensions, such as its political, economic, cultural and ecological dimensions. This approach, while allowing for a more focused examination of the causes and effects of globalization within a single dimension, serves to highlight the interconnectedness of each dimension. The following essay will expose the complex interconnection between the political, economic and cultural

Technological revolutions take lots of time to improve. There is a wide-variety of effect technology gives us and the effects extend to great length. In the late-eighteenth and early-nineteenth centuries, the time of the Gilded Age, is known as the Industrial Revolution. The factory system, textile industry, railroads, the telegraph, and steam power were all developed in the Industrial Revolution. All of this technology influenced American manufactures to create new markets and technology. Most of the late-nineteenth century inventions were based on these early inventions, too. The railroads created a huge market for steel and delivery. The telegraph improved personal communications and would later improve to be the most useful communication device. The factory system and other industries had a need for new techniques of organization and management. So, all of these innovations have been built upon

Unlike previous years of solely trading goods, the WTO allowed for trade to consist of property and services among different countries. Countries could now be globalized in all goods their country didn’t have through the use of free trade. The process of trading was revolutionized by new developments in technology as more and more countries began to trade.

The unlocking of steam power in human technology was integral to the development of the steam engine, which allows access to steam ships and railroads.Railroads allow the mass transport of goods in rapid speed, promoting extensive trade. Steam shipping would induce the flow of goods and migration to the New World, and the development of the telegraph would create price convergence and rapid communication across multiple economies.

The term globalization can be defined as a process by which societies, regional economies and cultures have been integrated via a global network of transportation, communication and trade. It has both positive and negative impacts in all the areas that it touches on be it economical, social, technology, cultural, political, environment, health or any other. Globalization started to have an impact on businesses world wide in the eighteenth century since that time marks the merging of modernity and globalization. However, in the modern sence, globalization kicked off after the end of Second World War since its during that time that leaders felt the urge to break down the borders

There were countless amount of inventions that were being invented. Steam power is believed to be one of the greatest inventions of them all. The invention of the steamboat changed the way we did most of our tasks. Food, resources, and people can now be exported/imported on a much faster and efficient rate.

The Industrial Revolution took place during the 18th and 19th century. It changed the way our products, including cloth and textiles, were manufactured. It was called a revolution because it was the spark of steam power and factory work, thus ringing in a new era of industrial technology. It greatly affected the way people lived and worked. This revolution helped shaped the modern world we live in today. The Industrial Revolution refers to a change from hand and home production of goods to machine and factory. The Revolution completely transformed America's economy, it made a full switch from an agricultural economy, to an industrial one. The Revolution built new roads, and canal systems making it easier

Before World War I, both, European nations and the US changed the world with their innovating technological inventions. Between the 1800-1900s technology ultimately burst with expansion. It changed the lives of all. Three ingenious contributions to these periods were the invention of x-rays, the refrigerator and the airplane.

Innovation in agriculture, and transportation let to the Industrial Revolution which was created in the Western Europe and spread over to Japan and other regions. This was a big major to population shifts and transformed economic and social system. The had to displaced peasants migration to cities creating work force for factories. One of the most significant effects on the Industrial Revolution was the emergence of the middle class. As the goods get cheaper because of the the cheaper and efficient production of goods, people could buy more of the good, they could buy anything they needed and have money left.

Europe, specifically Britain, was the leader in the industrial revolution- one of the greatest triumphs of the modern era. Through the industrial revolution, Europe brought the world into a new era, creating new technologies that greatly benefited the lives of many. According to “27 Inventions of the Industrial Revolution that Changed the World,”, these inventions include: the airplane, the cotton gin, the telephone, modern roads, the first type of photography, and blueprints (Interesting Engineering). Without all of these inventions, life would likely not be of the quality it is today. Many of these inventions may not be commonly used today, but they are a precursor to some of today's most influential and important inventions. Alexander Graham Bell's telephone evolved into the cell phones of today, making communication much easier between people, connecting the world more than ever before. Additionally, the airplane came into use for modern commercial flights; making it easier for people to see new cultures and experience different points of view. Without the industrial revolution, the globalization that unified the Earth in the late 20th century would have never occurred. Furthermore, not only did the Industrial Revolution help the world as a whole, it also benefited

During the last decade of the twentieth century, the word ‘globalization’ has become an increasingly prominent feature of political, social, and economic discussion in academic and policymaking circles, as well as in the media. The processes and outcomes of globalization drew attention and debates that had one thing in common. The research shows that nearly everyone agrees that globalization is a trend that is changing the face of the world, and as a result the world society lives in a more ‘globalized’ world. Nearly two and a half decades passed since 1990s, and studies have been conducted to examine the causes and consequences of globalization. Moreover, nearly every person experiences some type of globalization and can testify firsthand the effects it has on their life, society, and the state. The analysis of the effects that globalization dynamics have on the world society indicates that globalization has a significant positive impact via spreading opportunities and wealth across nations, stimulating innovation and productivity, enhancing the economic development of poorer countries, and helping to improve living standards.

The concept of globalization is a complex and peculiar one, failing to be definable by a single, precise definition. Centrally, globalization involves information and goods being exchanged amongst different countries. These interactions and interchanges among countries globally over time is due to an increase in communication and transport networks. Globalization is often divided into three main areas being economic globalization, cultural globalization and political globalization. All three are vital areas to one’s life and globalization is said to have a large impact on each. Although globalization is controversial in the aspect that it cannot be declared just how much of an influence the notion has in the world. Political scientists such as Muhammad Ijaz Latif, Anton Pelinka and Martin Wolf all discuss this issue in their respective pieces as well as differing aspects of globalization such as the role the European Union plays in relation to globalization, the different perspectives of globalization and the challenges of the nation-state in regards to globalization.

     The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The World Trade Organization came into being in 1995. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War. The World Trade Organization exists to ensure that trade between nations flows as smoothly, predictably and freely as possible. It provides and regulates the legal issues which governs world trade now .

The issues of globalization increasingly dominate the universe’s life. The concept of globalization according to Robertson (1992) refers to the narrowing of the world as incentives and increased our awareness of the world, namely the increasing global connections and our understanding of the connection. Globalization is a situation in which no boundaries between the people of the world and links communities in a country with people in another countries. Globalization departs from an idea to unite the nations which is expected to be a mutual agreement and guidelines for nations around the world. Globalization is able to waive the space and time constraints to get the interaction and communication between nations can be done