EMERGENCE OF GLOBALISATION
Introduction Globalization is mainly a socio-economic term which is nowadays synonymous with the economic development of a country. In simple terms, it is a continuous process through which different societies, economies, traditions and culture integrate with each other on a global scale through the means of communication and interchange of ideas. By having an idea of the history of globalization , one will be able to properly understand the causes which led to such social and economic change
Alexander the Great forges eastward link with Chandragupta Maurya for overland routes between the Mediterranean , Persia , India , and Central Asia . During the 1st century CE the trans-world trade makes its first major appearance in China under the Han dynasty and successfully established trade relations with Asian and European countries. The period from 650–850 AD records the expansion of Islam and trade relations with the west Mediterranean region with the Indian sub-continent. The Rise of Genghis Khan during 1100 AD gave rise to the integration of overland routes across Eurasia . The 1650s marks the expansion of the slave trade and it sustained the expansion of the Atlantic Economy, giving birth to integrated economic and industrial systems across the Ocean. The period from 1776 to 1789 AD marks the US and French Revolutions and the creation of modern state as a fall - out of military and business interests . These integrated empires expand during the industrial revolution . The eighteenth century marks the merging of the modernity with globalization and it also marks the foundation for the creation of international trade law.
Early History of Globalization
According to most scholars and researchers, it is the modern age which led to the origin of globalization. In this age, wide spread development took place in the field of infrastructure and connectivity. This led to more interaction between the nations and sharing of ideas, culture and tradition took place. All these put a direct impact on the process of globalization. In the economic scenario , more trade links started taking place between countries on a global scale which influenced global as well as domestic economies to a great extent . However, there are some scholars who point out that the origins of the history of globalization can be traced back to the ancient civilisations. Scholars who advocate this theory say that the example of the earliest forms of globalization is the trade links between the Sumerian civilisation and the Indus Valley Civilization in third millennium B.C. In fact, after this age, there are numerous instances where trade links were established between various countries like India, Egypt, Greece, and Roman Empire and so on. There were regular business links between the Parthian Empire , Roman Empire and Han Dynasty . The popularity of the trade relations led to the development of various trade routes like Silk Road and so on.
Globalization in the Medieval Age
he Islamic period in the medieval era is an important epoch in the history of globalisation. This was when the Jewish and the Muslim traders started going to various parts of the world to sell various items . This led to a blend of ideas, traditions and customs.