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GLOBALISATION ESSAY a) Globalisation involves the increased interdependence/reliance of countries. It is the increasing integration of the world economy into a single international market due to the dynamics of trade in goods and services and flows of capital and technology. Globalisation implies that goods are being manufactured abroad and that there is more prominent international trade. This is shown through the rise in exports and imports. For example, UK exports as a percentage of gross domestic product have more than doubled in the post-war period. Globalisation welcomes new technology and means that countries are less 'inward' looking. In general, globalisation increases as time goes on and develops along with changing objectives and advances in technology. It is not a new phenomenon. Especially during the last 25 years, more and more areas of the world economy have been brought into the competitive market. Globalisation, on the whole offers huge scope to improve the efficient...

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