Is Globalisation a myth?

Introduction The word "globalisation" can be defined as having many meanings, depending on how one wishes to interpret the true meaning of globalisation. Primarily, it can be seen as an economic phenomenon, which over the years has integrated national economic systems through international trade and investment. In general it can be used to describe the increased pace of interconnectivity that has taken place over the recent years in states and societies, which contribute to the …

…of investment in human and physical resources are essential to accompany technological advances. Therefore the argument can be stabilised by agreeing on the literal meaning of the term globalisation as an on going process in order to become a global economy and increasing the number of nations participating in worldwide business. In saying the present world is globalised is untrue, and therefore a myth, but the process of globalisation is very much indeed a fact.