... phenomena and can be traced back many centuries to the first incidence of international trade. Throughout this evolution, internationalisation has affected different places in different ways, emphasizing a changing pattern of geographical inequality and the changing globalization of economic activity has proved its erratic nature, as Dicken (Ref.iii,1986) quotes Storper and Walker (1984), internationalisation can be described as, " a mosaic of unevenness in a continuous state of flux". Evidence of the evolution of a global market dates back to the period which Wallerstein has labelled the 'long sixteenth century'. At this time (1450-1640), countries of the now Western World were witnessing an expansion of trade, with regard to rare items such as, spice, fine cloth and other exotic goods from exotic places, for the minority of its population. Also during this period, mercantilism became increasingly important as the core, semi-periphery, periphery notion was established. An important feature of this mercantilism for ...

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