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TO WHAT EXTENT CAN THE ASSERTION THAT GLOBALISATION IS EXPLOITATIVE BE JUSTIFIED? Introduction What is globalisation? Globalisation is the exchange of goods and services between nations. Many things can be 'globalised'-goods, services, money, people, information, effects on the international order as well as less tangible things such as ideas, behavioural norms and cultural practices. This makes most nations increasingly dependent on each other. There are organisations that help to foster international trade, notably the World Trade Organisation (WTO), charged with enforcing trade rules agreed to by member countries; the International Monetary Fund (IMF), established to promote international co-operation on finance) and the World Bank (WB) which provides loans to poor countries for development projects) most notably. The world has seen a momentous increase in the volume and value of international commerce, and the pace of global economic integration has accelerated rapidly. The wealth generated by global economic growth has helped to raise living standards...

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