Instituto Fernand Braudel de Economia Mundial - Associado à FAAP

Ed. 17: Globalism and localism

"The world economy has been growing into a wider web for ..."

Author: Rubens Ricupero and Norman Gall | Published in 1997

Globalismo e Localismo

The world economy has been growing into a wider web for centuries. But never before has globalization impacted local economies so fast and on so large a scale and never before has it bred such controversy. While there have been many precursors and beginnings, the globalization process burst clearly into history in the 15th and 16th Centuries with the expansion of European mercantilist capitalism after the great voyages of discovery. Globalization is the economic process of tying together our lives. At the core of the debate over globalization is the threat of competition, which often evokes unpleasant feelings.


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