An important trend occurring in the world economy is the process of globalisation. Globalisation is the progressive integration between national economies and the breaking down of barriers between trade and financial flows around the world, which will eventually lead to the emergence of a single world market. Globalisation has affected many different nations in different ways, depending on their degree of development and extent to which they are open to the flows of the world …showed first 75 words of 1984 total…

…showed last 75 words of 1984 total…disadvantages of economic integration, the advantages clearly outweigh the negative impacts. Because of economic integration, China has been labelled the next super economic power, and has put itself on the map as a major trading nation. Globalisation has been good to China’s people especially in improving their lifestyle and annual income. China’s economic take off has clearly improved lots of the world’s poor more than any other development in the world today.