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

Additionally, there has been considerable variation between responses from the developed and developing worlds. ... Globalization has helped to reduce transport and transaction costs so the potential gains from specialization are increased. ... Fundamental to all, however, is a considerable skepticism concerning the liberal emphasis on mutual gains from economic interaction. ... It asks where globalization came from, who wanted it, who didn't want it, and how the people that did want it got their way. ... All countries have tariffs on goods, although some taxes are more protectionist tha...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

"East Asia has both greatly benefited and greatly suffered from the effects of globalisation."" ... However, contrary to these views, the East Asian region has experienced extremely rapid growth and development which surpassed all expectations and eclipsed those growth rates of neighbouring developed nations. ... Although the effect is quite minimal in comparison to that of Latin America; Hong Kong , Singapore and to some extent, Korea have all demonstrated that foreign firms within East Asia are more capital-intensive than those of domestic firms which can make it hard for those...

• Word Count: 3533
• Approx Pages: 14
• Has Bibliography
• Grade Level: Undergraduate