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Globalism Assignment 2152.200 Contemporary ManagementZHUOXI LIU1319824119/5/2015i)The use of the term globalism started around 1950s, Economists like Adam Smith started to use the contemporary concept of economic globalism for his liberal theory and thinking. Webster International Dictionary includes the term like globalize in 1961 while Oxford Dictionary included it in 1986, which firstly appeared in Reiser.