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This document summarizes the history of economic globalization from ancient trade routes like the Silk Road to modern international financial systems. It traces the shift from mercantilism to the gold standard to fiat currencies and Bretton Woods. Key developments include the Great Depression, rise of neoliberalism in the 1980s, Washington Consensus, and 2008 financial crisis. While globalization can promote growth, it also risks exploitation and widening inequality between rich and poor nations and within

Author

Nathan Awit

Language

EN