By: GROUP 1-

AARUSHI NARANG
AARUSHI KERNI
ARCHIKA SINGH
ASHIQ
ADARSH
NIHAL
WAVES OF GLOBALISATION
FIRST WAVE OF GLOBALIZATION
(1840-1929)
Triggered by a combination of falling New technologies such as Railways, created
transport costs such as switch from sail to huge opportunity for land intensive
steamships and reduction in tariff barriers, commodity exports.
pioneered by an Anglo-French Agreement.

Cheaper transport and lifting of man-made

Europe and America were strongly affected barriers opened up the possibility of using
by Internationalisation. abundant land.
SECOND GLOBAL ECONOMY
(1979 – 2008)
 Under the leadership of United States,  WTO encouraged nations all over the World
Global trade started to rise once again. to enter into free trade agreements.
 Iron curtain which divided Europe fell in China entered WTO in 2001.
1991, Globalisation became fully fledged.
 Internet from the Third Industrial Revolution
 India (1992) and China (1985) opened its connected people all over the World.
doors for International trade.
 Internet increased the interaction between
 World Trade Organisation (WTO) got countries more than ever.
formed in 1995,