History of Globalization
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Globalization began at the time of colonialism by the European and increased global activities, and interconnectivity, and the growing ventures by multinational corporations depict the trend. I consider the need to understand human dynamics and the world to respond to anticipated changes and the occurrences to have pushed globalization (Del Casino, Knox, Liverman, Marston & Robbins, 2013). With people migrating, exploring new things and places and trading, there are new links and networks created. People get to understand the regional variances and exploit them to create best out of them. Giant global economic units have been expanding to the local groups to undertake activities and trade, offering people of different backgrounds their service.
Current globalization does not focus much on mutual benefit but the favor of potential markets or source of labor for raw products (Del Casino et al., 2013). Many major corporations focus on expanding growth to world growing markets to cut costs and increase their profit margin for higher economic performance. Globalization can influence the local communities for better or for worse reducing the distinctiveness of regions as people borrow cultures and focus more on emerging trends. Through globalization, countries, people and companies interact and create networks through trade and investment aided by improved infrastructure and technology.
Technological advancement and the increased inter-regional connectivity that encourage interactions and transactions from different global villages at the same time drive the modern globalization. I regard globalization to have created global economies that offer opportunities and advantage to the countries that can capture those opportunities for their people (Del Casino et al., 2013). The aspect has raised issues of mutual interest to different regions with one even occurring in a place having the ability to affect other areas severely at the same time. Parties tend to view regions in terms of attractiveness or unattractiveness on economic facets and decide to venture or ignore some areas (Del Casino et al., 2013).