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SECTION II - NCERT

SECTION IILIVELIHOODS, ECONOMIES AND SOCIETIES2021 222021 2253 The Making of a Global World1 The Pre-modern WorldWhen we talk of globalisation we often refer to an economicsystem that has emerged since the last 50 years or so. But as you willsee in this chapter, the making of the global world has a longhistory of trade, of migration, of people in search of work, themovement of capital, and much else. As we think about the dramaticand visible signs of global interconnectedness in our lives today,we need to understand the phases through which this world inwhich we live has through history, human societies have become steadily moreinterlinked. From ancient times, travellers, traders, priests andpilgrims travelled vast distances for knowledge, opportunity andspiritual fulfilment, or to escape persecution.

complex ways to tr ansf or m societies and r esha pe e xter nal r ela tions . Economists identify three types of movement or ‘flows’ within international economic e xchang es. T he f ir st is the f lo w of tr ade w hic h in the nineteenth century referred largely …

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