Globalization and Its Merits and Demerits

editProto-globalization Main wordProto-globalization The next phase, known asproto-globalization, was characterized by the fancy up of maritime European empires, in the sixteenth and seventeenth centuries, first thePortugueseandSpanish Empires, and later theDutchandBritish Empires. In the 17th century, world traffic developed further whenchartered companieslike theBritish tocopherol India Company(founded in 1600) and theDutch East India Company(founded in 1602, often described as the firstmultinational corporationin which stemma was offered) were established. 39Animated map showing the development of European colonial empiresfrom 1492 to pre direct TheAge of Discoveryadded the tender landto the equation,40beginning in the late 15th century. PortugalandCastilesent the first exploratory voyages41around theHorn of Africaand to the Americas, reached in 1492 by the Italian explorerChristopher Columbus. Global transaction growth continued with theEuropean colonization of the America sinitiating theColumbian Exchange,42the exchange of plants, animals, foods, human populations (includingslaves),communicable diseases, and culture amidst theEasternandWesternhemispheres.New cropsthat had come from the Americas via the European seafarers in the 16th century significantly contributed to world population growth. 43The Puritans migration to New England, starting in 1630 under John Winthrop with the professed thrill of converting both the natives of North America to Puritan Christianity and top up a City Upon a hillock that would influence the Western European world, is used as an example of globalization. 44