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Lecture

GGRA01 Lecture Two Geography of Globalization.doc

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Department
Geography
Course
GGRA02H3
Professor
Michael Bunce
Semester
Fall

Description
GGRA01 Lecture Two The Historical Geography of Globalization September 27 2011What are the antecedents to modern globalizationWhen how and why did the economy go global The World is Ten Years Old It was born when the Wall fell in 1989many world markets are only recently freedthe spread of free markets and democracy around the world is permitting more people everywhere to turn their aspirations into achievements And technologyhas the power to erase not just geographical borders but also human onesMerrill Lynch advertisement Oct 11 1998 But wait a momentDid globalization just begin in 1989It has it no historyAre there no antecedentsANCIENT BEGINNINGSThe expansionist civilizationsGreek and Roman Empireslongdistance explorationinnovation and tradewar and conquestmappingland clearance and irrigationfirst citiesIslamic empire7th13th centuriesEarly global economy based on trade across Asia Africa and much of Europe Also known as the Islamic Renaissanecartists engineers scholars poets philosophers geographers and traderswhich spread the influence of Islamic knowledge and commerceThe Rise of Global CapitalismthBegins to emerge at the end of the 15 centuryWhat is capitalismEconomic system based on a free market open competition profit motive and private ownership of the means of production private property and the exploitation of the surplus values of land resources and labourSee also see Sachs definitionread his article about the rise of global capitalism
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