5 Globalisation: Not new at all … Globalisation is a phenomenon that’s actually not new at all. Though some scholars regard globalisation as something belonging to the modern era, others regard it as a development with a long history. Globalisation then and now a) Have a look at some historic references to globalisation and complete the timeline. Write the headings into the spaces provided. 3000 B.C. – 500 B.C. 1. 2. 500 B.C. – 1500 A.D. 3. 4. 5. 1500 – 1800 6. 7. 1800 – 1900 8. 9. 1900 – 2000 10. 11. 12. 2000 – Today 13. 14. 15. China’s rise China emerged as a major global economic power. Classical empires Empires such as the Roman, Maurya and Han dynasties had extensive trade networks. Industrial Revolution New machines and techniques led to massive production and transport improvements. Railroads and steamships revolutionised global transport. Post-WW II Institutions like the World Bank, IMF and WTO were established to stabilise the global economy and facilitate trade. Global financial crisis (2008) A significant economic downturn that impacted economies worldwide. Early trade routes The Sumerians established trade with the Indus Valley, and there was also the establishment of the Silk Road which connected China to the Mediterranean. Bronze and Iron Age Production techniques and goods like bronze and iron facilitated regional trade. World Wars Both wars drastically influenced the global economic structure, leading to US and Soviet dominance in the latter half of the 20th century. Age of Discovery European nations explored and established colonies worldwide, leading to a global exchange of goods, ideas and people known as the Columbian Exchange. Colonial empires European powers expanded their colonies, extracting resources and introducing European systems and values globally. 1 62 Globalisation Nur zu Prüfzwecken – Eigentum des Verlags öbv
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