Socio-Economic Events that Ignited Globalization

Abstract

This article points out what was seen from the beginning of the twentieth century as the future of social, cultural and economic evolution, the process of globalization. The authors try to emphasise how the economy evolved in a globalized manner, starting with out economic ancestors, the Romans and the Brits, and accelerating towards today’s nexus: globalization developed through Americanization and Westernization. Introducing in the chronological events the entities that sustained the development of globalization and offered a more down to Earth on the subject were based on the idea of our world built in its intangible shape today, going from the creation of the World Bank and the International Monetary Fund, till the softer edges of capitalism as a new path to create and implement economic policies for obtaining economic growth.

Keywords

• globalization
• international relations
• international monetary fund
• world bank
• economic development
• trade