Economic “globalisation” is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through trade and financial flows. The term sometimes also refers to the movement of people (labour) and knowledge (technology) across international borders. · The term evokes great emotions. Some view it as a process of world economic development – beneficial & inevitable. Others regard it with hostility, even fear, believing that it increases inequality between nations, threatens unemployment and living standards · The global economy is new but more so in scale than in form. It offers new global freedoms of mobility and investment to corporations. · But deeper ideological principles of the global economy are not so new; they are only now being applied globally. These rules include: ú the absolute primacy of economic growth and an unregulated “free market” ú the need for free trade to stimulate the growth ú the destruction of economic models, which promote economic self-sufficiency in favour of export-oriented economies ú privatisation of public enterprises ú aggressive promotion of consumerism ú win-win rule, that means mutual benefits (some believe that economic growth would be followed by democratisation of political life and lift (podniesienie) of living standards, but it usu... |