Role of Economics in Globalisation

453 Words2 Pages
Title The role of Trade, Economics and Business in Globalisation Outline Plan Define and justify: The proposed subject of this study is the role of trade, economics and business in the process of Globalisation. The changing dynamics of which have been eminent from the 15th century emerging to the post World War II boom which has been a historical defining point for today's global economy. Aims: 1. To surfacely examine and trace the origins and growth of global trade. 2. To discuss the outcomes of early trade patterns which have lead to economic integration and unfair trading patterns. 3. How the industrial revolution brought about new means of production and allocation of goods and services. 4. List and analyse the huge increase in international trade from 1950 to 1992 emphasizing on the emergance of multinational companies, trading blocs and improvements in transport and ICT. The intended approach: I intend to use the internet as my means of obtaining the basic secondary resources required for my study. I intend to examine and analyse my aims with economic terminology and knowledge. Sources: 1.Globalisation, Comparative Advantage and the Changing Dynamics of Trade (book) Extended Essay Globalisation had started taking it's effective macro-social force of economics during the age of discovery in the late 15th century. Earlier forms of globalization existed in the Egyptian, Medo-Persian, Babylonian, Greek and Roman empires. Historically, people have left their surroundings and travelled to distant lands for four main reasons: conquest, prosperity, exploration and trade. Therefore, the primary agents of globalization in the past were soldiers, sailors, traders and explorers, of those who played the monopoly role were Europeans. For thousands of years, traders carried their goods across oceans and continents and armies launched
Open Document