... description of the world in which we live on the basis of a number of different things. The view is that when we actually look at some measures, dimensions, or indications of globalisation carefully, then one will notice that actually they are not as widepread, and not as powerful as many protray or assume. As a result, i do not simplistically agree to the question above. I will look carefully at a number of indications qualifying the two pictures of globalisation, concluding with a middle-ground view of the debate. One way in which globalisation is evident, and is without historical precedent, is to look at how MNC's have dominated the various economies of the world. The conventional measure is to look at the scale of Foreign Direct Investment (FDI) and its patterns overtime. Over the last twenty years or so, there has been a sharp increase in FDI, which now means ...

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