PDF (Ch. 4) Globalisation_a...pdf | Request a copy Registered users only Available under University of Tasmania Standard License.

Abstract

Globalisation is an ill-defined and haphazardly used term that usually refers - with
many differences of nuance and emphasis - to three related phenomena of the
world economy at the present time. The first is the spread of neo-liberal economic
doctrines and (to a lesser extent) practices. The second is increasing interdependence
between economies in terms of demand patterns, productivity norms, production
chains and innovation. The third is the spread of, or increased importance of, global
economic institutions such as the International Monetary Fund (IMF), the World
Trade Organization and specific agreements such as TRIPS or GATS. Closely
related to this institutional element is the spread of large-scale regional economic
integration, of which by far the most important example is the European Union
(EU). However, the North American Free Trade Area (NAFTA), the Asia-Pacific
Economic Cooperation (APEC) forum and Mercosur (South American regional
trade agreement) are all significant.

Item Type:	Book Section
Authors/Creators:	Smith, KH
Publisher:	Edward Elgar
Item Statistics:	View statistics for this item

Actions (login required)

Item Control Page