Expansion and intensification

Creation of new networks

Expansion, stretching of the newtworks

Widespread belief that economic market is important

Believes that globalization into different scapes

Movement of people

Circulation of mechanical goods

Flow of culture

Circulation of money

Political ideas moves around

Political party

Cebu

Kuala lumpur

JR and KH

Flat white

Received the recipe

Saw the post on orchard road

Had a long hug and ordered flat white again

Irreversible trend. Growing interdependence

Historical process resulting to human and technological innovation

Speed and frequency of trading

First economic globalization; used precious metals as a currency

Galleon trade – first full economic globalization, important countries began to exchange goods both
directly and indirectly (Arturo Giraldez and Denis Flynn)

Common mode of transportation in silk trade

1571 – acapulo Mexico to manila Philippines are the ports of galleon trade

To increase European income

1867 – open trade system

Values based on gold

1920 – 1930; loss of demand and consumption, abandoning gold standard, barry eichengreen

Based on its cost relative; 20th century

Proposed in New Hampshire, believing that there should be government intervention in the market. Its
main proponent was Maynard Keynes resulting to a Keynesianism that believes in 3 things, they should
invigorate the market with infusion of capital, economic crisis does not happen when a country does not
have enough money but money does not circulate, when a country earns more money, they hire more
people. Inaugurated at 1944

Funding for postwar projects

Preventing countries from spiraling into credic crisis

Decrease in economic growth and employment, increase in prices of commodities

Proposed by Milton Friedman and Friedrich Hayek, let the free market handle the economic. Its
advocates were Ronald Raegan and Margaret Thatcher. Implemented during 1980’s

Refers to activities associated in handling a country

Refers to social relations between two countries

Deepening of relationship between two countries

Population (citizen)

Territory

Government

Sovereignty

To end the 30 yrs war, Holy Roman empire, spain, France, Sweden in 1648

Started by Napoleon Bonparte leading to Napoleonic war 1803 – 1815; spreading the liberty, fraternity,
and equality

Return of monarchial empire; Russia, Prussia, Austria, Uk. System designer is Klemens von Metternich

Heightened relationship between states

Must give up some of its assets to reduce its expenses (Immanuel Kant)

19th century, reconcile nationalism with internationalism; republican government wanted

20th century, nationalism was a pre requisite for internationalism; principle of self determination

Did not believe in nationalism, separate the world into classes

Union of European socialist and labor parties; birth of 8 hours a day wok

Started by Vladimir Lenin

Renamed by Joseph stalin