The term Globalization was introduced by Prof. Theodore Levitt. The history of Globalization can be explained in three stages namely

1. Archaic globalization 

2. Proto Globalization 

3. Modem Globalization

Archaic Globalization: An early form of globalized economies and culture is known as Archaic Globalization existed during the Hellenistic Age. 

The trade links of the earlier days can be summarised as.

1. Between Sumerian and Indus Valley Civilisation 

2. Greek culture stretched from India to Spain 

3. Between Roman empire, Parthian empire and the Hans dynasty. 

4. The advent of Mongol empire greatly facilitated travel along the silk road.

These Pre-modem phases of global exchange are called Archaic Globalization.

Proto Globalization: It arose because of the rise of maritime European empires in the 16 and 17 Centuries, the Portuguese, Spanish, Dutch and British empires. In the 17 century, the British East India company is described as the first Multinational Company and the Dutch East India company were established.

Modern Globalization: It is witnessed between 19^th and 20^th century. In the 19^th century – Global trade and capital investment. In the 20^th century, higher share of trade in merchant production, Global trade in services, Rise in production and trade by MNCs and Technological changes. Agreements of trade contracts like the General Agreement on Tariffs and Trade (GATT) and World Trade Organisation (WTO). Technological changes lowered the cost of transport charges.