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21 - Globalization, Anglo-American style

from Part IV - Ligaments of Globalization

Published online by Cambridge University Press:  05 May 2015

J. R. McNeill
Affiliation:
Georgetown University, Washington DC
Kenneth Pomeranz
Affiliation:
University of Chicago
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Summary

By the late nineteenth century, however, decades of conflict and worldwide exploration, joined with the germination of new expansionist ideologies, the development of industrial capitalism, and modernization of production, transport, and communication wrought by technology, reconfigured global space in ways that penetrated political boundaries and geographic distance. Britain and the United States played the largest role in setting globalization on its historical course. Principles of the free market, technology, and economic practices were building blocks of modern globalization. New business networks sprang up, even if U. S and British policymakers remained burdened with protectionist political pressures and failed to recognize the global changes underway. Developments in communications during the Cold War era also boosted the globalization process. From the late 1970s, Anglo-American globalization acquired a new momentum. Globalization is now among the defining trends in world history, and will likely remain so in the future.
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Publisher: Cambridge University Press
Print publication year: 2015

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References

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