”Globalization generally refers to the increased interdependence of the world’s economies signified by the circulation of information, money, people and goods across national boundaries. It has of late given rise to the domination of world’s market by a selected number of transnational corporations. However, since time immemorial, different countries were related to one another through geographical spread of ideas, social norms and trading commodities. This pre-modern phase of globalisation is known as archaic globalisation.¹”
Further reading
1. Silk Road: A Glance at Archaic Globalization |
Source:
1. https://iwp.uiowa.edu/silkroutes/city/kolkata/text/silk-road-glance-archaic-globalization