Globalisation is a word that provokes a wide variety of reactions. At the turn of the millennium, the spectre of globalisation led to protests by both the left — who were concerned about its labour and environmental impacts — and the right — who were concerned about its consequences for national sovereignty and security. In recent years, the debate about globalisation died down. Rising prosperity seemingly bolstered the case made by globalisation’s proponents. However, as the current economic downturn lengthens, the debate has again begun to heat up.
What exactly is globalisation? In the mass media, it can be a vague term, variously alluding to an increasing awareness of the world outside one’s own country, growth in the size and diversity of trade and financial flows, and increases in international migration. For our purposes, globalisation is the thread that connects these phenomena. Globalisation is:
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