KARL CRISTIAN P.
SANCHEZ BSA 1-A
ACTIVITY 3: GLOBALIZATION IN A TIMELINE
Create a timeline on globalization and list down the distinct characteristics for each era.
5th century
(The Silk Roads)
 Silk was a major or primary
luxury good
 Luxury products started to
appear in Rome
 Trade started to become
global
 China and Rome were
dominant empires who
dominated the route
15th - 18th centuries
(The Age of Discovery)
 In the Age of discovery,
Global trade has begun to
kick off
 European explorers
connected East and West –
and unintentionally
discovered the Americas
 Expansion of integrated new
lands in the Economies of
mostly European countries
(Spain, France, Britain, etc)
 Discovery of Scientific
Revolution
 Known to be the age where
exploitation existed due to
the shameful legacy of slave
trade.
 Prices for spice fell and new
products were introduced
( potatoes, tomatoes, coffee
and chocolate)
 The birth of mercantilist and
colonial economy begun
during this era
7th - 15th centuries
(The Spice Routes)
 The existence of the new
religion – Islam – gave birth
to Trade during this era
 Mediterranean and Indian
Ocean Trade was
dominated by Muslims
 Trading of Spices and
Slaves has begun
 Spices were the true focus
of international trade
 Sea Route (Belt) and Silk
Road (Road) of trade
between Asia (East) and
Europe – particularly Spain
-(West) did exist
 Other products (cloves,
nutmeg and mace) from the
Spice Islands or the Maluku
Islands of Indonesia were
traded alongside spices
19th century - 1914
(First Wave of Globalization)
 Noticeable worldwide
domination of British empire
since the end of 18th
century in terms of
technological and
geographical aspects

1914 - 20th century
(The World Wars)
 The outbreak of World War I
and II had brought an end to
everything
 War replaced Trade
 Construction has been
replaced by Destruction
 Closing of all borders among
countries had occur
 Breakdown of Global
economy and interrelated
links
 Great Depression in the
United States has affected
South America’s growth and
development stage
21st century
(Globalization 4.0)
 Domination of two global
powers – United States of
America and China
 The new frontier of
Globalization is the Cyber
World
 Rise of Digital Economy
 Expansion of the global
effect of Climate Change and
other negative impact of
globalization (pollution,
economic inequality, social
instability, and etc.)
 Proposal of new inclusive
globalization and China’s
new project for International
trade, “Belt and Road”
 Progress in Technology
(using artificial intelligence,
but threatened by cross-
border hacking and cyber-
attacks
 Era of the First Industrial
Revolution
 Transport of goods both
within countries and across
countries has made
possible (by using
steamships and trains)
 Birth of new technologies
and other inventions
 Industrialization activities
among countries in Asia,
Europe, Americas and
African Colonies had occur
(Construction of Suez
Canal connecting
Mediterranean and Indian
ocean that had led to the
opening of new artery of
world trade; railways in
India; mines in African
colonies; Business activities
such as Investing in
internationally active joint
stock companies; etc)
 Foreign direct investment
Dawn to 21st century
(Second and Third Wave of
Globalization)
 The end of World War II had
marked a new beginning for
the global economy and global
trade started to rise again
(Global Information Economy)
 United States of America
became the leading country on
the way to the new world with
their new inventions
 New technologies were
invented during the Second
Industrial Revolution (like car
and airplane)
 Globalization has become a
truly global phenomenon
 Increase in International Trade
 Nations entered free-trade
agreements
 Birth of Internet during Third
Industrial Revolution
 Participation in Global
economy benefitted every
country
 Changes brought an increase
in the GDP of different
countries