Justifiable Risk or headless Fear? The Difference between experienced and factual Disadvantages of a Process called Globalisation: Difference between revisions

Globalisation is a concept nowadays every single one of us has heard of. However, not many people deal with the subject of globalisation. The Organisation for Economic Co-operation and Development (OECD) for instance refers to this easily mistakable term as “a process of closer economic integration of global markets“ ([http://www.oecd.org/document/30/0,3343,en_2649_37447_37478942_1_1_1_1,00.html]) and although quite simple, this definition can be regarded as a reasoned definition for an organisation, which primarily deals with economical issues. Nevertheless, this definition is too limited in order to stress the complexity and duality of the process of globalisation. The German Federal Ministry of Economics and Technology adds, that “this development is being driven forward by world-wide information networks and communication technologies“ ([http://www.bmwi.de/English/Navigation/Economy/Economic-policy/globalisation,did=76820.html]), while the U.S. Department of Commerce focusses on the “potential to affect each other more quickly and to a higher degree than ever before“ (Globalization and Minority-owned Businesses in the United States: Assessment and Prospects (2003), p. 4).