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GLOBALISATION

Statistics Directorate    
Definition:
The term globalisation is generally used to describe an increasing internationalisation of markets for goods and services, the means of production, financial systems, competition, corporations, technology and industries.

Amongst other things this gives rise to increased mobility of capital, faster propagation of technological innovations and an increasing interdependency and uniformity of national markets.

Source Publication:
Manual on Statistics of International Trade in Services, Eurostat, IMF, OECD, UN, UNCTAD, WTO, 2002 – Annex II, Glossary.

Hyperlink:
http://unstats.un.org/unsd/publication/Seriesm/Seriesm_86e.pdf

Statistical Theme: International trade statistics

Created on Tuesday, September 25, 2001

Last updated on Monday, June 10, 2013