We are in the midst of a third wave of globalization and North America and to a lesser extent some countries of Europe are at the core of this next wave of globalization as our economies are so closely interconnected, they are better seen as a single emerging global information economy, the third wave greatly affecting relocation services movement has emerged.
In order to fully grasp the first wave of globalization and how it affects relocation services, we should look at the role of global capital as it expanded during those historic times as a counter-response to independence movements and economic nationalism. As the traditional world powers began losing direct control, global capital became better at indirect control and military power ceded its influence to economic control.
Large corporations like the East India Trading Company in the UK together with the government amassed significant amounts of funds and made finance itself a valuable commodity. Firms like the East India Trading Company required access to new markets however these new colonies became more expensive than the funds they generated. Although unforeseen by the UK, Hong Kong and Macau would turn out to be an excellent example of the second wave of globalization. In retrospect we can see that the third wave emerged from the information society created by computers and the internet in the 1980’s and 90’s. Although the Japanese bubble saw a massive amount of Japanese expats relocated across the globe, for the West we can pinpoint this transition to an information society in the 1990’s and the dotcom bubble as event that catapulted relocation services to the forefront of the modern globalization movement.