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It has taken off as a concept in the wake of the collapse of the Soviet Union and of socialism as a viable alternate form of economic organisation.
Try this: Globalisation is the rapid increase in cross-border economic, social, technological exchange under conditions of capitalism.
When did globalisation begin?
There is no agreed starting point, but understanding of globalisation is helped by considering the following.
The first great expansion of European capitalism took place in the 16th century, following the first circumnavigation of the earth in 1519 to 1521.
There was a big expansion in world trade and investment in the late nineteenth century...
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