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Globalisation a). Globalisation is the increasing integration of national markets that were previously much more segmented from one another. This includes the increasing dominance of multi-national corporations (MNCs) in global markets. This means that production takes place in various countries, so that components are manufactured in several countries in order to produce a finished product, which is often assembled in another country in order to sell the product worldwide on the global market. This leads to a rapid increase in international trade and growing direct investment by MNCs in several countries. b). Since 1980 the developing countries have experienced an increase in the percentage of exports that manufactured goods account for, from approximately 29% to just over 80% of total exports. The percentage that mineral exports account for has experienced a decrease over this period from approximately 55% of total exports to approximately 10%. There has been a slight decrease in...

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