The volume of global trade increased as free trade was promoted by "the workshop of the world." Today, though the term "globalization" is widely used in a variety of fields, economic globalization had its origins in the 19th century.
Richard Baldwin, a professor of economics at the University of Geneva, points out that in the period of globalization led by the United Kingdom and the United States, people started to trade goods all over the world because the cost of trade had declined due to innovation, and wealth had concentrated in "the workshop of the world.