AN APPRAISAL OF GLOBALIZATION AND ITS HISTORY
AN APPRAISAL OF GLOBALIZATION AND ITS HISTORY

Summary/Abstract: International trade is an old economic practice among the nations of the world. It is difficult to say when it actually began or which country started it. One thing is however certain about its history: it began when the desire to trade off the surplus goods of the nations began. Evidences abound of trade relations between the nations of the ancient worlds-ancient Africa, ancient Pacific world and ancient Europe, even before the discovery of America. It was those trade relations that opened the way for wars and for empires to rise and fall, especially among the European nations. The contradictions of those wars gave rise to a new dawn, and questions of the necessities of wars and how to stop their occurrences began. War torn Europe reasoned that since wars were products of trade by inhibitions, wars will cease if those inhibitions or barriers were removed, and the nations were allowed the freedom to trade with one another on a competitive level ground. Globalization is a product of that policy of free trade without barriers, a creation of the advantages of international trade to the nations. This paper will consider that globalization in its true perspective as a policy of those historic antecedents.

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