The Integration Of Globalization

907 WordsMay 10, 20154 Pages
The Relevancy of Globalization The term ‘globalization’ has become the paradigm of explaining the interconnectedness of the world and its inhabitants. While there are numerous definitions, the one coined by Gao Shangquan fits into context: Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. Since the beginning of human migration, globalization has been in a steady increase as human reach spanned across lands and oceans. The rapid advancement of human intelligence and technology came to fruition towards globalization after World War II. After reviewing the devastating repercussions of the war, the United States and other nations came to the conclusion that the lack of communication and failure of the League of Nations was what led to Hitler’s rise to power. As a response, the United Nations was created to prevent the events from World War II to ever occur again; the UN, while controversial and difficult, helped spawn other organizations such as the World Health Organization, the World Bank, and the World Trade Organization, nation-wide establishments to further communication around the world. The following decades observed Europe rebuilding while America stepped up to become a leading super power. Thus, following the World Wars and ensuing major historic events, globalization was brought
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