Chapter 5: Globalisation
Chapter 5 covers the controversial issue of globalisation. This term is not well defined: it is overused and often abused. It means different things to different people and professions, and it changes over time. The chapter observes that globalisation is in many respects old wine in new bottles. However, a new Asian face of ‘globalisation’ disrupts an important part of the old international economic order, and the West may ask if it has lost control over the globalisation forces.
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