
In discussing globalisation, the term can be described as the convergence of markets, economies and ways of life across the world. A broad overview definition here is that globalisation is the worldwide process of homogenising prices, products, wages, rates of interest and profits. The important point to note here is globalisation as a process (a series of actions, changes or functions) rather than as a static stage of development. So as a ‘process’ of development, globalisation processes wil...
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