GLOBALISATION- PHASE
__________________________________________
There are the Three Distinct of the GLOBALISATION
**1870 - 1914 OF GLOBALISATION**
Globalization drivers during this period were :
=>Falling transportation costs
=>Lowering of traffic barriers
Impact of the first wave of globalization was reflected on the following parameters:
=>Exports as a share of world income almost doubled
=>Total labour flows nearly 10% of the world population
=>Growth Rate per capita income of the world increase from .5% to 1.30% Per Annum
**1914 - 1945: The Retreat to the Nationalism**
=>The Globally Trade drove down due to the World War - 1
=>The retreat into the nationalism produced anti-immigrant sentiment and government imposed drastic reductions of new comers.
**1945-1945: Second Wave of Globalization**
Globalization drivers during the post-world war stage 1945-1980 were:
=>Lack of growth with protective policies in nationalism
=>Reduction in transport cost
=>Reduction of the trade barriers and tariffs
The Second wave of globalization brought about a situation
=>Overall trade doubled
=>Economics of scale opportunities for many multination corporations
**1980 Onwards : Third Wave Globalisation
=> A large Group of developing countries actively involved in global business.
=>International migration and capital movements , Which were negligible during second wave of globalization, Have become substantial.
The Impact of this wave is visible in terms of :
***Movement towards free trade
***Creation of a Global Labour force
***Globalization of finance market
***Significant Increase in cross border investments
***Indian Software companies serves the needs of the Europe and American Markets
0 Comments