Transition signal Globalisation refers to the integration of markets in the global economy. It can be defined
in many ways. One simple definition is that it is the rapid increase in international free trade,
investment, and technological exchange. It is argued that this international trade has been one
of the main causes of world economic growth over the past half century. (a)
there is little doubt that the global economy had grown enormously in the last 50 years, some
people believe that this growth has only benefitted certain countries and that others have
suffered as a result. Thus, there are various arguments that are in favour or against globalisation.