Globalisation is a term that is frequently used but seldom defined. It refers to the rapid increase in the share of economic activity taking place across national boundaries.
This goes beyond the international trade in goods and includes the way those goods are produced, the delivery and sale of services, and the movement of capital.
Threat or opportunity...
Globalisation can be a force for good. It has the potential to generate wealth and improve living standards. But it isnít doing that well at the moment.
The benefits from increased trade, investment and technological innovation are not fairly distributed. The experience of the international trade union movement suggests that the reality for the majority of the worldís population is that things are getting worse.
Globalisation as we know it is increasing the gap between rich and poor. This is because the policies that drive the globalisation process are largely focused on the needs of business.
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