1. Globalization and Development
The internationalization of economic activity in Europe first took off in the fifteenth and sixteenth centuries, with the development of new shipping technology that led to Spanish colonization of Latin America. ... Similarly, the nineteenth century proved to be an era of increased international commerce, triggered by the industrial revolution but, in the 1930s, this economic expansion was reversed as political turmoil created the Great Depression. The contemporary phase of globalization only started to return global economic activity to nineteenth-century levels in the late 1970s. ...
- Word Count: 7309
- Approx Pages: 29
- Grade Level: Graduate