The Economic Aspects Associated With Globalization

Quoted by the Financial Times as the â€Å"integration of economies, industries, markets, cultures and policy-making around the world†, globalisation has thrived in recent years owing to developments in communication, transportation and trade, accompanied by the enhancement and increased use of information technology. Whilst at first glance this could be regarded as beneficial, it has nonetheless provoked a number of high profile and often violent protests of late. Notably the biggest anti-globalisation demonstration ever experienced was in Seattle in 1999 involving 40,000 activists (BBC News). Globalisation has a multitude of different facets, ranging from the worlds of research and health, to media and technology. This essay however, will look at the economic aspects associated with globalization and will seek to explore some of the reasons behind these protests. 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