Globalization: history, trends and technologiesGlobalization is textually defined as the development of an increasingly integrated world economy, marked in particular by free trade and the free movement of capital , as well as by the exploitation of cheaper foreign capital. labor markets (Webster's Dictionary). In this definition we can see many vital elements that must coexist for this world to be truly globalized. Globalization is a term that is currently being used more frequently, but that does not mean that its early forms were not already in motion. By the early 2nd century BC, “Silk Roads” were forming to enable the trade of goods from one part of a country to another. Early empires prospered by globalizing their countries by creating roads and trails to communicate and transport goods. Globalization has expanded borders to allow third world countries that were underdeveloped to become more civilized in their governance. To better understand where globalization takes its roots, we need to delve deeper into the fundamentals of free trade, the free movement of capital, and the benefits derived from foreign labor markets. First of all, free trade faces barriers at different levels. personal affairs, we exploit virtually all the benefits of free trade and comparative advantage without thinking twice (Blinder). Free trade essentially introduces new technologies to third world countries and helps them develop a stronger economy and find a new quality of life. The benefits of free trade are described by the theory of comparative advantage, which means a lower relative cost of production than another. With this, as long as each country specializes in products in which it has a comparative advantage, ...... middle of paper ...... and globalization shortens borders. While many imperfections still appear in the earth-shattering change that is globalization, the world has seen many positive developments. Through free trade and the use of foreign markets, globalization is expanding to new corners of the world, seeking new countries to innovate and grow.Reference:(nd). Retrieved from http://www.merriam-webster.com/dictionary/globalization(2006, 02). Free trade. StudyMode.com. Retrieved February 2, 2006 from http://www.studymode.com/essays/Free-Trade-78394.htmlSchroy, J. (nd). Retrieved from http://www.capital-flow-analysis.com/investment-essays/globalization.html(nd). Retrieved from http://www.globalexchange.org/fairtrade/sweatfree/faqThe Levin Institute. (nd). Retrieved from http://www.globalization101.org/information-technology/