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Globalization - Essay Example

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It will be subsequently related to the Bi polar world and the conflicts in which USA was directly involved. Globalization has its roots into the World War II on the basis of the technological developments…
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Download file to see previous pages... Bi polar world is another concept which appeared in the same era. During the time of Second World War there were two superpowers including Soviet Union and United States of America. Both of them were having cold war i.e. they was evaluating each others’ nuclear powers and the destructive capacities (The Bipolar World). Specifically the world was divided into two segments each dominated by one superpower and all the third world countries were actually forced to join either of them. Hence various conflicts began and USA was involved in most of them, for instance, Korean War, Vietnam War, Bay of Pigs Invasion, Grenada, Persian Gulf War etc. (American History Timeline)
In the article ‘Restarting Globalization after World War II’ Horowitz critically analyzes the circumstances in which Second World War was initiated. He argues that after two World Wars, great depression and cold war the international trade and finance was significantly impacted (Horowitz). Hence it was expected that the world was about to enter globalization in order to cover up all the lost resources, land and human capital. Five major countries which were involved in the development of trading economics were United States of America, Britain, Japan, France and the Federal Republic of Germany (Horowitz). Horowitz also states that the military and structural changes taking place all over the world affected the initial conditions of the post World War II environment. Consequently broader public opinions were developed and people became more and more interested in political processes and trade policies. Alteration in the coalition patterns during the wars, absorption of legislative powers, international economic institutions and the economic ideologies actually formed the later concepts of globalization (Horowitz). Here, it is important to understand that how wars can influence trade. Firstly, it is impacted by ...Download file to see next pagesRead More
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