Globalisation

Globalisation in Europe

Description of Globalisation

The Concise Encyclopedia of the European Union describes globalisation in the following terms: [1] The ability to supply goods or services globally and to acquire them from the most competitive source in the world. This is a growing phenomenon, resulting from falling tariffs, the spread of technology and the mobility of international capital. Blamed by protectionists for Europe’s economic underperformance, by greens for pollution and by developing countries for exchange rate instability, globalisation has led to calls for environmental regulation and for import or capital controls, depending on the standpoint of the complainant.

Resources

Notas y References

  1. Based on the book “A Concise Encyclopedia of the European Union from Aachen to Zollverein”, by Rodney Leach (Profile Books; London)

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