Globalisation and Economic Development

Globalisation is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. The term globalisation has been increasingly used since the mid-1980s and especially since the mid-1990s. It is currently a popular and controversial issue, though often remaining a loose and poorly defined concept. Sometimes too comprehensively, the term is used to encompass increases in trade and liberalisation policies as well as reductions in tr