Early Phase of Globalization : Phase I

Globalization has tied people of the world living together, no matter what part of the world and what walks of life. No country, regardless of its size, structure and business can ignore the globalization of business. In the present world, advancement in science and technology has completely transformed the concept of globalization. Forces like: modern and sophisticated means of communication, transportation, establishment of global trade facilitation bodies like World Bank, IMF etc, establishment of regional/bilateral/multilateral economic treaties etc has completed added new spheres to the discussion of globalization. 

At the present time, when the concepts of globalization is dragging more attention than ever and is ever evolving, we need to understand the historical development of concepts and practice of globalization. 

First Phase of Globalization:

First phases of globalization began in 1492 AD. with the voyage of Christopher Columbus to the new world and the voyages of european exploration that made possible for proliferation of European colonies throughout the world. 

The explorers like: Christopher Columbus, sponsored by Spanish crown, completed four voyages across the Atlantic ocean. Columbus introduced American lands to the world. Similarly Portuguese explorer Vasco Degama made India know to the world in 1498. Similarly, Ferninand McGellan made the first circumnavigation across the world in the service of King Charles -I of Spain, between 1519-1522. Francis Drave made second circumnavigation across the world from 1577-1580, to the service of Elizabeth -I. Drave implemented the concept of tax and executed the confiscation of foreign treasures across the world. 

Basically there were many other overseas expedition prior to these. But these particular event are referred to as beginner of globalization. We can accredit following reasons for this:

1) All of these events were state sponsored acquisition of strategically valuable knowledge and skills that enabled nations like Spain, United Kingdom and Portugal to establish vast colonial empires across the world.

2) These expedition carried out state sponsored expedition to confiscate lust treasures of colonial states that could later on become wealth of the state. This later on paved possibilities of collaboration between state and private companies. eg: Great Britain and East India Company.

3) State sponsorship of global trading monopolies was a foreshadowing of state sponsored national champions global corporations of the model era.

References:
Age of Globalization course, Coursera
Wikipedia
Google