Globalization has a rich history and is full of intricacies. Find out more inside. Globalization is the expansion of businesses all over the world due to advances in technology and transportation. Globalization includes an increase in the flow of: Goods and services Capital People International ideas While trade is no new concept, businesses can become a presence in more areas all over the globe than ever before. But how did this happen? And what business industries experience globalization? Keep reading to find out everything you need to know about globalization. History of globalization Globalization’s rich history began long before giant conglomerates such as Amazon and Google existed. There is a timeline of discovery, protectionism, liberalization, financial crisis, and economic development that can all be traced back to the BC era as the phenomenon of international trade developed. The Silk Road The Silk Road was the cultural phenomenon that made luxury goods accessible across countries in the first century BC through the fourteenth century AD. Silk was exported from China to Rome, meaning that many other countries were involved along the route. However, with an abundance of wars and conquerings and fallen empires changing accessibility of routes, the Silk Road […]
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