globalisation
INTRODUCTION One term which continues to dominate current economic, political and business thinking is globalisation. The term ‘globalisation’ is by no means a new one. ... Prior to the 1980s the process of globalisation was much narrower in scope. ... In that context, I will seek to understand the scope of the newly emerging concepts, globalisation of markets and globalisation of production. At the end of this research I hope the reader will be able to: • Define the term ‘globalisation’ • Describe and illustrate the concepts ‘globalisation of markets’ and ‘globalisation of production’.