![]() Its antecedents date back to the great movements of trade and empire across Asia and the Indian Ocean from the 15th century onward. Since its inception, the concept of globalization has inspired competing definitions and interpretations. Theodore Levitt is often credited with popularizing the term and bringing it into the mainstream business audience in the later in the middle of 1980s. One of the first usages of the term in the meaning resembling the later, common usage was by French economist François Perroux in his essays from the early 1960s (in his French works he used the term mondialization (literary worldization), also translated as mundialization). Over the next few decades, the term was occasionally used by other scholars and media, but it was not clearly defined. The word globalization was used in the English language as early as the 1930s, but only in the context of education, and the term failed to gain traction. ![]()
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