"Globalisation today is not working"
Date Submitted: 12/04/2003 21:06:01
INTRODUCTION
Globalisation is a long-term historical process of world integration involving social, economic and political changes as a result of technological advances. As McLuhan (2001) says, "The concept is of one being connected by an electric nervous system within which the actions of one part will affect the whole".
Globalisation, intended as the removal of barriers to free trade and the closer integration of national economies, can have the potential to enrich everyone in the world.
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IMF staff (January 2002) Globalization: Threat or Opportunity?
http://www.imf.org/external/np/exr/ib/2000/041200.htm
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Jospin, L. (16/11/1999) Only on our terms. The Guardian, London
McLuhan, M. (2001) Understanding Media: the extensions of man. London: Routledge.
Sakwa, R. & Stevens, R. (2000) Contemporary Europe. Palgrave.
Stiglitz, J. (2002) Globalisation and its discontents. London: Allen Lane.
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