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| 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.
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| Source
Publication: |
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Manual on Statistics of International Trade in Services, Eurostat, IMF, OECD, UN, UNCTAD, WTO, 2002 – Annex II, Glossary.
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| Statistical
Theme: International trade statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Wednesday, March 05, 2003 |
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