For example, the long term tendency towards freer trade, electronic commerce and the seemingly uncontrollable power of deregulated capital markets do much to enhance the power of markets and create a sense of the economic irrelevance of national borders. ... It should be seen as a systematically interactive set of processes in which the direction of causality is two way and contingent. In such a context part of the problem with understanding globalisation is the nature of the populist, sometime hysterical, discourse on the subject to be found not only in the media but also in a range of so-c...

• Word Count: 9082
• Approx Pages: 36
• Grade Level: Undergraduate