ABSTRACT
I would like to suggest that a distinction be made between the substantive meaning and the ideological use of the term “globalization.” The linking of different regions of the world through transcontinental circuits of capital, trade, and production started towards the end of the fifteenth century and was a result of European maritime and mercantile expansion. In that sense substantive globalization has been taking place for 500 years and the very existence of the contemporary South is one of its historical products.
