Munich Personal RePEc Archive

Emerging Innovative Thoughts on Globalization amidst the Contageon of COVID-19

Jackson, Emerson Abraham (2020): Emerging Innovative Thoughts on Globalization amidst the Contageon of COVID-19. Published in: Springer Nature Publisher, Cham (27 May 2020): pp. 1-17.

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Abstract

The concept of globalization first emerged in English dictionary aroud the 1940s, with a broad focus in addressing economic and political issues. In contemporary time, the discourse of globalization is now channelled in the direction of speed, particularly in the area of technological innovation and its consequences on social, political and economic well-being (Estrada and Arturo,2020; Griffith and Marrion, 2020; Kinnvall, 2004). Claims of the historical commencement of globalization have been dated as early as in 1492 (Christopher Columbus in search of America) and 1498 (Vasco da Gama’s run in Africa in a bid to snatch monopoly rent from the Arabs and Venetian spice traders). Empirical study produced by O’Rourke and Williams (2000) spelt the dichotomy of the economic relevance of 19th Century globalization boom in comparison with the acclaimed exploration of Christopher Columbus and Vasco da Gama. O’Rourke and Williams‘ (2000) study, which provide the connection of globalization‘s impact on concerns relating to factor prices, commodity prices and endowments world wide.

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