By DARLINGTON CHILUBAONE of the most recognisable words to enter mainstream language in the late 1970s, 80s and the 90s is the word Globalisation, which means a system of deliberate integration, harmonisation and convergence that does not necessarily need to be global (Braithwaite and Drahos 2000:8).This definition is preferred here because not all countries willingly participated or benefitted from the globalisation agenda. Further, this definition allows us to focus on only two observations out of the wider discussion around globalisation.As an ideology, globalisation belongs to a strand of capitalism referred to as neoliberal institutionalism. This basically entails balancing self-interest such as profit motivation, on one hand, and social welfare on the other.This strand of capitalism embodies the idea of free trade and global harmony through complex integration so that isolation and war become costlier in real terms than peace. In other words, the benefits of trade and economic integration are expected to act as a […]
GLOBALISATION
