In thinking about the consequences of globalisation, it is necessary to keep in mind that the same set of policies does not lead to the same results everywhere. While globalisation has led to similar economic policies adopted by governments in different parts of the world, this has generated vastly different outcomes in different parts of the world. It is again crucial to pay attention to specific context rather than make simple generalisations in this connection.

What is often involved in economic globalisation?

Greater economic flows among different countries of the world.

What is often called economic globalisation usually involves greater economic flows among different countries of the world. Some of this is voluntary and some are forced by international institutions and powerful countries.