The economic, social and institutional roots of globalisation
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XIII, No.1, 2001, pages 55-69
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55-69
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It is supported in this article that the first causes which gave rise to globalisation were connected to the transition towards the capitalistic way of production and, more specifically, to its appearance and development. This transitional period is characterised by the foundation of the nation-state concept, the prevalence of mercantilism, the creation of global market and by the proliferation of international trade. A new distribution of labour allowing the appearance of the long distances trade and the accumulation of considerablecapitals was also developed during this period. These capitals along with other ones derived from handicraft-craftsmanship-oriented large activities began to be ploughed in large scale production activities which led, through state's both direct and indirect contribution, to the rise of the large enterprise as the basic capital accumulation mechanism. It is an accumulation process which boosts the large enterprise to broaden its activity field continuously. Therefore, the phenomenon of globalisation is inseparably connected to the dynamic process of capital accumulation and to large enterprise's strategic options.
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