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Globalisation is often understood as a relatively new dynamic in international relations

Globalisation is often understood as a relatively new dynamic in international relations. Yet, Immanuel Wallerstein suggests that the processes leading to the development of a world economy began in the sixteenth century. Describe the ways in which he modern globalised world is an extension of these early dynamics. Why do you think that it is a popular impression that globalisation is a new phenomenon? why has globalisation also become a source of contention?
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