Globalisation : the rise and fall of an idea that swept the world

Running head: GLOBALISATION
Globalisation
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GLOBALISATION1
Executive Summary
The primary purpose of this report is to discuss about “flat world” of the globalisation and it
elucidates on whether the trade borders are collapsing in the present age. This report have
elaborated on the demonstrations against the globalisation and Ghemawat’s ideas pertaining
to globalisation. The report elaborates on ideas of Giddens pertaining to globalization and the
strategies that can be implemented for the mitigation of poverty in the world.

GLOBALISATION2
Table of Contents
Introduction................................................................................................................................2
“Shrinking World” of the Globalisation....................................................................................2
Effect of Global Financial Crisis on Globalisation....................................................................4
Demonstrations against the globalisation at the G7 and the WTC conference..........................5
Perspective of Ghemawat about globalisation...........................................................................7
Gidden’s ideas about Globalisation...........................................................................................8
End of Poverty movement..........................................................................................................9
Conclusion................................................................................................................................10
References................................................................................................................................11

GLOBALISATION3
Introduction
Globalisation is indicative of integration of the markets within global economy that
have paved the path for increased interconnectedness among the national economies. It helps
in describing spread of the communication production along with the connected technologies
across world. Globalization have helped in spreading the ideas and the practices that have
created the way for the internationalization and the universalization (Krugman 2017). The
countries used to build the economic partnerships so that it can facilitate the movement of the
people and the investment. The term have gained the popularity after onslaught of Cold War
in early half of the 1990. Globalization have helped in benefitting the society and at the same
time it have harmed certain groups of the people. The process have been driven by the
international trade and the development of the information technology. It have been driven by
the policies which have helped the economies in opening in the domestic along with the
international arena. The governments have adopted the free-market system of the economy
that have helped in the creation of the myriad opportunities for the international trade (Rupert
and Smith 2016). This report discusses about “shrinking world” which have been created on
account of globalization and the effect of the Global Financial Crisis (GFC) on the aspect of
the globalization. This report elucidates on the talks against the phenomena of globalization
at the G7 and the WTC conferences. The report talks about Ghemawat’s and Gidden’s ideas
regarding globalisation. The report elaborates on the movement of the “End of Poverty” and
how the trade can help in the mitigation of poverty in the world.
“Flat World” of the Globalisation
Economic globalization refers to increasing interdependence of the national
economies in the world with the increase of the cross-border movement of the goods and the
services. It is centered on diminution of the international trade regulations which suppresses