Information Unlimited Magazine – Vol. 37 Globalization. What’s next?

Page 11

spotlight

Antiquity: trade routes between Asia and the Mediterranean, campaigns of conquest Silk Road Middle Ages: peaceful trade relations with other states

11

Early stages (up to 1500)

German Hanseatic League

16th century

Northwest European trading companies Globally active networks

18th century

Colonization Global silver trading network

17th century

Mercantilism Boston Tea Party

Global European dominance First multinationals Industrialization

20th century

19th century Great Depression (1929) Bretton Woods monetary system Founding of GATT/WTO (1947) Outsourcing and offshoring

Digitalization/World Wide Web Financial crisis (2007–2008) COVID-19 pandemic Climate crisis

21st century/ today


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