Conceptual globalism and globalisation : an initiation

Abstract

Although the use of these two terms began in the latter half of the twentieth century, they have a longer lineage. Concept economic globalism of contemporary kind can be traced back to the liberal thinking of classical economists like Adam Smith and Herbert Spencer. Terms like globalize were first seen in Reiser and Davies (1944). Webster International Dictionary included them in 1961, while they appeared in Oxford Dictionary in 1986. The term globalization was coined in 1962. Most major languages were quick to develop equivalent taxonomy. In business and economics, marketing legend Theodore Levitt of Harvard Business School used it first in 1983 in an article entitled "The Globalization of Markets". His article is regarded as an enduring classic and its insightful language is still relevant today