This paper will discuss the history of globalization, globalization will be defined and the effects had on the world's economy will be analyzed. ... Globalization has come in waves, with the first great modern wave in the 1870-1910 period. The first wave of globalization came to an end with World War I and the great depression. ... "Participation in an expanding global market has basically been a positive force for growth and poverty reduction in developing countries, which is why so many countries have become more open to foreign trade and investment" (The World Bank. 2002, p18). ...

• Word Count: 1685
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate