The History of Globalisation

Macro – Globalisation

In this course, Dr Paul Segal (King’s College London) look at the topic of Globalisation. In the first module, we introduce the key ideas of globalisation and trace its long-run history. After this, we discuss our current trading system and how it came about. Then, we look at global value chains. In the fourth module, we explore the basic theory that we use to study international finance or capital flows between countries. Then, we look at what we observe when we study international financial flows. Finally, we talk about some of the benefits and of costs of globalisation.

The History of Globalisation

In this module, we introduce the key ideas of globalisation and trace its long-run history. In particular, we will focus on: (i) defining key terms, such as globalisation, international trade and international finance; (ii) the history of globalisation from the 15th century onwards; and (iii) globalisation’s take-off and price convergence in the 19th century.