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CHAPTER TWO.
LITERATURE REVIEW .
Review of the academic literature on globalisation, internet and banking industry in Nigeria .
2.1 GLOBALISATION: - what does it mean? .
At the end of the twentieth century, globalisation became an all purpose catchword in public and scholarly debate. Country attribute their economic woes to the onslaught of globalisation, business leaders justify downward downsizing of their companies as necessary to prepare for globalisation, environmentalist lamented the destructive impact of unrestrained globalisation, and advocates for indigenous peoples blamed the threatened disappearance of small cultures on relentless globalisation. Different parties use this word its meaning over the years became over inflated. The concept still captures significant world wide changes. (Frank and john 2001).
Globalisation is the integration of national economies through trade and financial interaction a subset of globalisation which has become very pervasive and in some cases destabilising is the financial market integration across the globe. The rapid flow of goods, services, and capital, especially the latter has made national controls on these aggregates less effective without considering the countervailing measuring that other nations could impose in the absence of coordinated responses (Obaseki 1999).
According to Vijay and Anil of mastering global business globalisation can come in the form of the entire world, a single country, a specific industry, a specific company or even a particular line of business or function within a company.
Specific country it refers to the extent of the inter linkage between a country's economy and the rest of the world .despite an increasing global world, not all countries are equally integrated into the global economy. Some major indicators to measure the global integration of any country s economy are exports and imports as a ratio of the GDP.