A - Coursework ExampleEconomic globalisation is a broader idea that encompasses concepts such as globalisation of production, market competition, multinational corporations, and industries. The concept of economic globalisation was suggested along with the policy of trans-national trade and hence it has been occurring for the last 20-30 years. By the end of the 20th century, economic globalisation was greatly promoted and this situation led to the integration of developed economies and developing economies through increased foreign direct investment, elimination of trade barriers, and high immigration flow. Although evidences suggest that economic globalisation has a range of positive financial effects, it is also argued that such effects benefit only developed countries and cause power imbalance in the global economy. This paper will analyse “in what ways economic globalisation has affected the state�International capital markets, labour markets, and commodity markets constitute the concept of economic globalisation.
