Globalisation & Trade Restrictions

Globalisation is the growing integration of the world's economies, as goods, services, capital, workers, technology and ideas move more freely across borders and countries become more closely connected.

Globalisation is a process, not a fixed state. The world economy is far more integrated now than it was 50 years ago, but the pace of integration speeds up and slows down. The syllabus goes beyond the definition to the causes and consequences of changes in globalisation.