Please enable JavaScript.
Coggle requires JavaScript to display documents.
Globalization (Fourth wave - Latest wave (Vaulted by fall of USSR in 1991,…
Globalization
Fourth wave - Latest wave
Vaulted by fall of USSR in 1991
Wave "led" under US ideals (i.e. free trade, privatization, political transparency
Expansion of capitalism
Current: US may be on decline as global leader - replaced by Asia
A Fifth Wave?
China's economy growing to be the largest
Massive development across Asia
"Reorient the economic weight of the world back to Asia" (216)
First wave of Globalization
Birth in 1571 with the Spanish colony of Manila
Made regular, global exchange possible
Silver flowed from New World to Asia and Asian goods back to the west
Major driver was Asian appetite for silver
Second wave - "New Imperialism" of the 19th Century
Lead to breakdown of itself (i.e. WWI, Great Depression)
Conflicting ideas of how to resolve the crisis - factor of WWII
Rise of USSR and USA as global powers
Third Wave - A Polarized World
Capitalism vs. Socialism
Decolonization