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In: Economics

What are some of the main characteristics of the 19th century globalization? How is it different...

What are some of the main characteristics of the 19th century globalization? How is it different from what we have had in the 21st century? Discuss.

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Expert Solution

The era between 1909 and 2000 was the 19th century, while the 21st century started about the year 2100 in 2001. The reality that individuals move for various purposes, such as tourism, science, migration, commerce, conflicts, and natural disasters that cause individuals to be assigned to separate societies
It is necessary, therefore, to understand the process of change that our planet is going through every year. Wireless networks, mobile phones and other manner of internet and technical advances are involved in the globalisation of the 21st century. Globalization in the 19th century, however, was the preamble of globalisation in the 21st century; in other words, it was the description of the continuity of globalisation in the 21st century.

The rapid growth of countries in East Asia, such as China and the West, has contributed to a dramatic move from globalisation to neo-globalization. In this situation, the world became more unified and opened up, but some countries were still reluctant to open up to the outside world after the 1st and 2nd World Wars (post-war period), such as some Eastern European states under the post-Soviet system. The advent of a new wave contributing to the neo-globalization of the 21st century has been since the post-War period and the reformation of newly emerging states. The Globalisation of the 21st Century then emerged in favour of an intercultural culture and a boundless environment of knowledge.

Nevertheless, post-war growth policies, trade wars and instability were included in the globalisation of the 19th century. The new industrialising countries in the "deep South" that have been increasingly important to the world economy today have arisen throughout the globalisation of the 21st century. Facilitating travel with respect to technology and growth is also one of the main differences. Rather than globalisation in the 19th century, which was more or less prior to the digital revolution, globalisation in the 21st century plays a cosmopolitan and intercultural role. However, during an uncertain global political and economic situation, the implementation of this hypothesis is opposed to reform. Industrialization, conflicts, and social and economic changes have persisted since the 19th century. It is also clear that globalisation was affected by the post-industrial society in the 21st century, and is now a global knowledge exchange.


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