General Article What is globalisation?

Topic Selected: Globalisation Book Volume: 416

So, to call a spade a spade, here is globalisation laid bare: it is a juggernaut economic system brought about by governments’ international deregulation of trade and finance. This lack of restrictions has enabled businesses and banks to expand and function globally, unhindered by borders – or even, say, laws – and resulted in a single world market; one controlled by transnational corporations rather than by local economies and communities, who nonetheless happen to provide its labour force. ...

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