The New Era of Globalization

One of the well accepted clichés of our time claims that we are living in a world of major and rapid transformations (Rosenau, 1990). A systematic analysis of historical cycles of capitalism shows that globalization is in a time of transition and perhaps a emergence of a new cycle, with peculiarities that may point to intense changes in the economic system. From the main approaches of Immanuel Wallerstein and his theory of world-systems supported by the Kondratieff cycles, It is possible to analyze the historical capitalism and the ramifications towards a new globalization. In order to outline the globalization waves and find out if we are having the end of a cycle, is important to think aboutf the long recession since 2008, if it will mean a period of significant development, or if we are about to experience the “big bifurcation” toward a completely new, post-capitalist system in the next decades. (Giesen, 2010) The well known Kondratieff waves are critical to this type of world social processes because these long waves of economic growth are a primary vehicle for long term and fundamental, technological change in the world economy. It is possible to use it to better understand about the current period we are in and the changes we are about to become aware of. Ian Gordon is a forecaster that based on the Kondratieff cycles tries to predict the likelihood of major economic and financial events by employing the long wave principle and in his predictions is clear to see that we are in the end o a cycle of recession that is supposed to be long.
Globalization is the term most often used to identify the current changes affecting the current economic scenario, talking up flexibility of capital and labor, and transnationalization. What Wallerstein analyzed is: what is the factor that gives the current moment an innovative feature, something completely different in world history? By the world-systems theory, capitalism, through distinct world economies acquired a