It means the rules and restrictions that you follow to be a part of globalization in terms of economics and politics. In his article, Friedman says that every country must either adopt or seen to be moving towards the golden rules like making the private sector the prime engine of its economic growth, maintaining a low rate of inflation and price stability, decreasing tariffs on imported goods, quitting monopolies and quotas, opening its banking and telecommunications system to private ownership and the customer may choose whatever they want, etc. ... From that time up to now, we made improvem...

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• Approx Pages: 9
• Grade Level: High School

benefits and threats of globalisation Introduction There are processes in the international order--driven by revolutions in communication and information technology--that exhibit seemingly inexorable globalising tendencies while, at the same time, there are a range of actions, adopted by states and non state actors alike, that attempt to resist these often ill defined phenomena captured by the all embracing notion of 'globalisation'. For example, the long term tendency towards freer trade, electronic commerce and the seemingly uncontrollable power of deregulated capital markets do...

• Word Count: 9082
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• Grade Level: Undergraduate

A Dutch academic who maintains a good website on globalisation, Ruud Lubbers, defines it as a process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross border economic, political and socio-cultural relations Left critics of globalisation define the word quite differently, presenting it as worldwide drive toward a globalised economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments Globalisation is an undeniably capitalist proce...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate