Epochs: if cycles explain a continuous long-term cyclical process, the epochs explain that there are waves of globalization that took place in the past and each of them has its own origin. Nam lacinia pulvinar tortor nec facilisis. One can freely move to different places on the planet and enrich ones experience by communicating with representatives of various cultures and countries. -supposed to be non-political but boundaries blur (Ryan, 2007). It was during this first age that steamships joined steam-powered locomotives to speed the transport of goods and people, while the telegraph and telephone increased the convenience of global communication. WTO- World Trade Organization oil wealth: Lorem ipsum dolor sit amet, consectetur adipiscing elit. Jeffrey Sachs provides an overview of the six major waves of globalization: the Great Dispersal, the Neolithic Revolution, Land-Based Globalization, Ocean-Based Globalization, the Anglo-American World, and the New Globalization. Epoch ritzer 2015 cited therborns 2000 six great - Course Hero 2. cycles Postwar technologies in transportation and communications strengthened global business and financial linkages. development project- a project concerned with the economic development of specific nations, usually those that were not regarded as sufficiently developed economically (third world nations- Asia, Africa, latin america). Nam lacinia pulvinar tortor nec facilisis. Executive Editor, is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. -WTO agreement on trades measures governments can impose on foreign firms This is how. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. greenfield investment- building of totally new corporate facilities in another country, developed from Organization for European Economic Cooperation created 1948 What are the broader, recent changes that Ritzer identifies as being crucial to understanding the current wave of globalization? 7. ensuring environmental sustainability Istanbul,Turkey- the people of Istanbul have been going up against tear gas, water cannons and excessive police force in a bid to save their favorite cinema, historic Emek Theatre What are 'portfolio investment' and 'greenfield investment'? -increased consumption patterns in developing countries (India, China) It is meeting your own needs without compromising the ability of future generations to meet their own needs. -example of connectedness similar to-spurred by developments in transportation (railroad vs airplane), communication (telegraph vs. internet); global economic development depended on large-scale flows of capital; development entailed large-scale immigration and even the growing importance of remittances to those who remained in the homeland; global economic specialization among the nations of the world; specialization operated on the basis of the law of comparative advantage; emphasis on free trade and the elimination of trade barriers (tariffs);poor nations and the people who inhabit them are subjugated by the operations of the global economy; not all parts of the world gained equally from the growth of the economy;losers in the in this economic competition among geographic areas, but also industries and social classes lose out, at least in comparison to the winners; poor tended to suffer more.
