Sunday, January 15, 2006

"GLOBALISATION: Salvation or threat to humanity?"

From Antigua Sun via political theory an article on globalization

"Globalisation refers to a set of economic, political and cultural processes of increasing special and temporal interdependency. It is also a process of political and economic, as well as cultural evolution. The United Nations Development Project (UNDP) states:

“Globalisation is both a description and a prescription. The description is the widening and deepening of international flows of trade, finance and information in a single, integrated global market.

“The prescription is to liberalise national and global markets in the belief that free flows of trade, finance and information will produce the best outcome for growth and human welfare.” (more)


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