A Brief History of Globalization

About This Novel

The era of rapid growth in trade and investment has come to an end; the butterfly effect of natural and man-made disasters has frequently caused global supply chains to collapse, with widespread consequences; the gap between rich and poor, lack of welfare, and out-of-control taxation are getting worse... We must ponder a question - can globalization continue? This globalization problem that seems unique to the 21st century actually began to emerge when industrial capitalism was born in the 19th century: Britain relied on the dividends of the Industrial Revolution to gain the first-mover advantage of cost reduction and became the dominant manufacturing industry in one fell swoop; steamships reduced transportation costs, and the gold standard system stabilized exchange rates, which strengthened global economic ties; globalization led by European powers has sown the evil consequences of rich countries exploiting poor countries... Only by looking at the past of 200 years of globalization can we understand where the future of globalization will go now.

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