This new system led to surplus income being invested in the privately run town or village enterprises for light manufacturing. ... These problems are a universal consequence being faced due to Asian-speed economic takeoffs by Asian countries. ...
Many see it as a primarily economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows. However, one can also point to a rapid increase in cross-border social, cultural and technological exchange as part of the phenomenon of globalisation. The sociologist, Anthony Giddens, defines globalisation as a decoupling of space and time, emphasising that with instantaneous communications, knowledge and culture can be shared around the world simultaneously. A Dutch academic who maint...
