From Localisation to Globalisation
Chapter
Abstract
The power of the network to connect people is one of the origins of the phenomenon of globalisation. The International Monetary Fund (IMF) defines globalisation as the trend towards increasing interdependence of national economies, through increasing volumes of cross-border transactions in commodities and capital (IMF, 1997). It is a process that is integrative in nature and one which has engendered the convergence of national economies into a ‘supranational economy’.
Keywords
Asset Price International Monetary Fund Hedge Fund Capital Mobility European Monetary Union
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Notes
- 2.Davidson, J.D. and Rees-Mogg, W.R. (1997): The Sovereign Individual, Simon & Schuster;Google Scholar
- Ohmae, K. (1999): The Borderless World, revised edn, New York: HarperCollins.Google Scholar
Copyright information
© Lauren Liebenberg 2002