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Harpal Chima 13A Economics & Business Essay Competition Will Globalisation reduce world poverty? "The essence of globalisation is a subordination of human rights, of labour rights, consumer, environmental rights, democracy rights, to the imperatives of global trade and investment." ---Ralph Nader Globalisation is a widely used term in current day economy; the term has several different meanings and has only come to existence over the past several decades. The term Globalisation broadly refers to the expansion of global linkages, the establishment of social life in a global community, and growth of global consciousness, so it is the combination of a world society. Globalisation is the basic result from human innovation and technological processes, it implies that due to the increase coherence of world economies through trade and financial flows the term globalisation has arisen. It basically means to trade goods and service upon a global service, an example would be like to buy coffee...

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