Relationship Between Globalization And Economy

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Globalisation and economy
According to Anon, n.d. Globalisation is the tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange. And according to Welsh (2013).”An economy is what people produce and the relations that make that production possible”. Consumerist views (consumer’s culture)
According to Goheen & Bartholomew. 2008. “A consumer culture is one in which increasingly the core values derives from rather than the other way around.in principle everything becomes the product that can be bought and …show more content…

And they claimed that neoclassical economy is designed to solve these problems, it seeks to understand and support things which relate to production, consumption, income and money in the market economy. Now our days our economy is a post care economy in which we engage ourselves in the highest possible consumption and production and afterwards attempt to mitigate the mounting care needs with often extremely expensive forms of …show more content…

Globalization: Definition of'Globalization.Retrieved from: 'http://www.investopedia.com/terms/g/globalization.asp/.
Goheen, M. & Bartholomew, C. 2008. Living at the crossroads. An introduction to Christian wordveiw. London: SPCK.
Goudzwaard, B., Venter Vennen, M. & Van Heemst, D. 2007. Hope in trouble times. A new version for confronting global crises. Grand Rapids, M., Baker Academic. Welsh, I. (2013).What is an economy?. Retrieved from: http://www.ianwelsh.net/what-is-an-economy/.

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