Western Myths of globalisation
It may be worthwhile to stand back and reflect a little on the term ‘globalisation’. One view would be: ‘Globalisation refers to the integration of markets in the global economy, leading to the increased interconnectedness of national economies. Markets where globalisation is particularly significant include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets, including markets for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics. ‘ https://www.economicsonline.co.uk/Global_economics/Globalisation_introduction.html A deeper view from the Peterson Institute…