Overview

Globalization has spread broadly and has been recognized in the world at the present time. The United Nations ESCWA says that globalization is not a new phenomenon. It began towards the end of the 19th century, but it slowed down during the period from the start of the First World War until the third quarter of the 20th century. This slowdown can be attributed to the inward-looking policies pursued by a number of countries in order to protect their respective industries. However, the pace of globalization picked up rapidly during the fourth quarter of the 20th century . . . Another resource says that since its inception, the concept of globalization has inspired numerous competing definitions and interpretations, with antecedents dating back to the great movements of trade and empire across Asia and the Indian Ocean from the 15th century onwards. But did globalization exist before the 15th century? Could it be said that globalization had existed during the Great Chinggis Khaan's conquest of the world in the 13th century?

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