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'Examine the trend towards globalisation that has taken place in the international economy over the past fifty years. What do you consider to be the main implications?'
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Michael Coats International Economics 00399339 EC32008 'Examine the trend towards globalisation that has taken place in the international economy over the past fifty years. What do you consider to be the main implications?' Over the last fifty years Globalisation has occurred in the international community for several reason economic growth, economic development and globalisation its self have all had key factor to play in altering the economy of the world. Although economic growth and development are similar in meaning, they have some essential differences. Economic growth refers to the increasing ability of a nation to produce more goods and services. Economic development basically implies that individuals of that nation will be better off and takes into account changes in economic and social structures that will reduce or eliminate poverty. Economic development can be measured in a number of different ways including the Human Development Index, a Gender Empowerment Measure, a Human Poverty Index and a...
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