Historical events of globalization

1. Washington Consensus.
           It was created in 1989 by the economist John Williamson. These structural adjustment
policies were introduced in the South to carry out the "reforms" that would solve their
historical difficulties and achieve development. The International Financial Institutions
(IFI`s) played a key role, on the one hand, an economic role, promoting the market and
economic institutions. On the other, they assumed a political role, helping to "discipline and
align" the national governments of Washington. For some people represents the key points
of globalization.

2. Creation of the World Trade Organization in 1995.

           From 1948 to 1994, before the creation of the WTO, the GATT established the rules for
world trade. The initial objective was to create an International Trade Organization to
manage international economic cooperation and to collaborate with the World Bank and the
International Monetary Fund; however, the efforts to establish the ITO failed and the
GATT obtained a double function. It is made up of the majority of the countries of the
world population.

3. Economic Crisis of Global Impact from 1994 to 2002.

The twentieth century was characterized by its constant political and social convulsions:
two world wars were unleashed and several episodes of genocide and civil wars took place.
This contrasts with the enormous advances in science and with improvements in the living
conditions of the population. Governments and elites maintain a defense at all costs of the
"really existing" modernity, banalize the political and limit the margins of action of the
workers.

4. Restoration of the Value of the State after the Attacks of September 11, 2001,
against the World Trade Center

5. Questioning of International Migration and Social and Territorial Inequalities in

Globalization after the Riots in France in 2005

6. Conquest and Colonization of America by Spain and Europe since 1942

The conquest of America was the process of exploration, conquest and settlement in the
New World by Spain and Portugal in the sixteenth century, and in which other European
powers participated later, after Christopher Columbus discovered America in 1492. The
riches of America allowed all of Europe to grow, not only Spain and Portugal. The
Conquest resulted in the importation of new agricultural products in Europe such as tomato,
corn, potatoes or cocoa, products that also had a great impact on the economy and
European habits of other continents.
 7. Beginnings of global trade in Manufactured Products since 1750
International trade is important to the extent that it contributes to increasing the wealth of
countries and their peoples, a wealth that we measure through the indicator of the
production of goods and services that a country generates annually (GDP). The origin is
found in the exchange of wealth or products from tropical countries for products from
temperate or cold areas. As the improvements in the transportation system were happening
and the effects of industrialism were greater, international trade was increasing due to the
increase in capital flows and services in the areas most backward in their development.