Paper Topic:

Globalisation is merely an extension of international trade discuss

Globalization and international trade

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Introduction

Globalization is a concept that at times been taken to be an extension of international trade . This may or may not be the case depending on the school of thought one subscribes to as will be seen shortly

There is no widely accepted definition of globalization but in general it means greater mobility of capital , commodities , people and even ideas across bs with much ease . This has been made possible with the integration of the economies which

has created what is normally referred to as `global village ' hence enhancing trade and investment (Johnston 2005 :10

This is not to say that globalization is a new concept . International trade and investment greatly affected by globalization have been there for many years . In the 19th century , Britain had some form of international trade although it was not as elaborate as today 's . This clearly explains the fact that globalization has been there since earlier times (Johnston , 2005 :12

Globalization explained

Globalization has been made possible by several factors some of which include advances in transportation as well as communication technology The increased cooperation by governments of various countries , emergence of multinational corporations and non governmental organizations has also fuelled globalization

There has been a major debate about globalization in the recent past with several schools of thought emerging . One line of thought (skeptics , perceive this phenomena as an extension of what used to exist in the colonial times i .e . international trade...

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