“‘Globalisation’ is the growth of
economic activity across national and regional political boundaries. It finds
expression in the increased movement of tangible and intangible goods and
services, including ownership rights, via trade and investment, and often of
people, via migration. It can be and often is facilitated by a lowering of
government impediments to that movement, and/or by technological
progress, notably in transportation and communications. The actions of
individual economic actors, firms, banks, people, drive it, usually in the
pursuit of profit, often spurred by the pressures of competition. Globalisation
is thus a centrifugal process, a process of economic outreach.