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Globalization and the British East India Company - Essay Example

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Name: Instructor: Course: Date: Globalization and the British East India Company Globalization is a historical term used in referring to a process that is associated with the first movement of people from Africa to other parts of the world. The movement started with short distances and latter it graduated into longer distances…
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Globalization and the British East India Company
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Download file to see previous pages However, the historical origin of globalization has ever remained a subject of debate among the historians. In most cases or usage, globalization is the period that began in the 1970s, where some scholars consider that this period began longer than historians exactly locate, and it encompassed all the extra-nation activities. The history of globalization has little to do with the British East India Company. It is regarded that the most proponent of the historical origin of globalization lies with Andre Gunder Frank. He was an economist and was as well associated with the independent theory (Malik 22). According to Frank, globalization began with the rise of global trading links between the Indus valley Civilization and the Sumer back in the third millennium B.C. What was considered archaic globalization had its existence in the Hellenistic Age, the period that was marked with commercialized development of urban centers, which marked the axial of Greek culture whose influences reached Spain from India. Other cities that felt the impacts of the early globalization include Roman Empire, Han Dynasty, and Parthian empire. The increasing commercial trade links between these powers were experienced in the Silk Road. This road started in China then stretched out to the boundaries of Parthian Empire and later moved to Rome (Malik 49). From the archaic period, globalization move to another phase that was described by Islamic and Mongol eras. During this period, the Muslim and Jewish traders and explorers founded trade routes that led to agricultural globalization, trade, knowledge, and technology globalization. This period was marked with the introduction and wide spread of crops including cotton and sugar that were cultivated almost all over the Muslim world, while knowledge spread widely to the Hajj and Arabic world that led to the cosmopolitan culture (Malik 27). The Mongol empire though had a destabilizing effect to the commercial centers with the Middle East and china; it significantly influenced or facilitated movement along Silk Road (Malik 153). Pax Mongolica of the 13th century was marked with the introduction of the first international postal service, and the rapid transition and spread of epidemic diseases including bubonic plague that substantially affected Central Asia. The Mongol era played a vital part in the globalization up to the sixteenth century; however, the largest trade systems were limited to the Eurasia (Malik 56). The Maritime Europe later replaced the Mongol period. The Maritime Europe phase, which was also known as proto-globalization was defined by the rise in the Empire of the European Maritime that took place in the sixteenth and seventeenth centuries. The era saw the rise in the first Spanish and Portuguese Empires and later the rising of the British and Dutch Empires (Malik 77). In the seventeenth century, globalization was highly developed, and greater globalization organization became chartered companies. For instance, in the year 1600, the British East India Company was founded as the first multinational corporation. Later in 1602, the Dutch India Company was established. The British India Company was founded after the treaty of union as an early English joint- stock company. This organization was primarily formed to pursue trade with the East Indies; however, it ended up trading within the Indian Subcontinent and sometimes stretched its trades to China. Therefore, it is ...Download file to see next pagesRead More
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