Feb 3rd, 2012
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Kaplan University
Course: humanities
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This is an essay describing the history of globalization from 1968 to 2008. It focuses on three basic phases of globalization and address how they impact on the current situation. The essay helps in understanding the impact of globalization on various social and economic eras.

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Student's NameInstructorCourseDateThe Era of Globalization, 1968-2008Globalization has taken three phases in the world history. The first phase began in the late 19th century, the second in the mid-1960s and the last phase experienced in the modern world began in the late 21st century. The second phase began in the middle of the cold war in 1968 and ended in 2008. According to political scientists and authors, this phase experienced economic, political and social globalization. There are many major events that occurred in the three categories that have influenced many of the world nations in the three aspects. The era of globalization that is marked from the year 1968 to 2008 has major events that include Marxist capitalism, economic crisis and natural disaster, terrorism, shock therapy and political unrest that have influenced the modern globalization.Jeffry Frieden's book "Global Capitalism: Its Fall and Rise in the Twentieth Century," argues that the oil shock that saw the United States companies move to the Middle East marked essential steps in globalization. Technological innovation and the development of financial market led to a new era of globalization. The exploratio

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