GLOBALISATION

AIMS
• To outline the dimensions of globalisation
• To examine the drivers of globalisation
• To distinguish different perspectives of globalisation
• To identify debates regarding the implications of globalisation
• To consider the impact of the crisis and recession on this process

1.1 INTRODUCTION
Globalisation is a widely used terms in both the popular and business presses as well as in academic circles. Although there is little agreement as to an exact definition of globalisation, or who benefits from it, there is an agreement that the nature of the global economy has changed profoundly in the last three decades. A very general definition that provides a useful starting point is that;

Globalisation refers to the way in which the world economy is increasingly interdependent and integrated. Economic linkages are broader and deeper and faster. People in one part of the globe can have their lives influenced by decisions taken by people thousands of miles away.

Moving from a general definition to more specific issues, there are a number of key questions that need to considered in order to understand the extent and impact of globalisation and these debates will underpin the whole course.

• What are the dimensions of globalisation?
• What are the drivers of globalisation?
• What are the different perspectives and ideas than underpin globalisation?
• What are the impacts of globalisation?
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GLOBALISATION