EC 123: GLOBALISATION & WESTERN CAPITALISM

Globalisation has been a major influence on the economic growth of the Western World (Europe and North America), It encourages international trade and investment and creates mass markets; it also stimulates economic migration, foreign investment and technological innovation. But the world has been globalised before – in the Age of High Imperialism, 1870-1914. Antecedents of globalisation can even be detected in the Age of Discovery, c.1450-1600. This course examines how the world economy ‘got to where it is today’ by charting the evolution of international economic activity from 1200 to the present. It begins with the development of the great port cities and concludes with a description of the modern ‘networked global village’.

Term(s) offered: Spring term module; 10 [5 ECTS credits]
Credit: 1.5
General Education: III B 4