"Globalisation today is not working"

INTRODUCTION Globalisation is a long-term historical process of world integration involving social, economic and political changes as a result of technological advances. As McLuhan (2001) says, "The concept is of one being connected by an electric nervous system within which the actions of one part will affect the whole". Globalisation, intended as the removal of barriers to free trade and the closer integration of national economies, can have the potential to enrich everyone in the world. …

…the virtual society. Communications of the ACM, vol. 42, n.12. IMF staff (January 2002) Globalization: Threat or Opportunity? http://www.imf.org/external/np/exr/ib/2000/041200.htm Jones, R.A. (2001) The politics and economics of the European Union. Cheltenham: Edward Elgar. Jospin, L. (16/11/1999) Only on our terms. The Guardian, London McLuhan, M. (2001) Understanding Media: the extensions of man. London: Routledge. Sakwa, R. & Stevens, R. (2000) Contemporary Europe. Palgrave. Stiglitz, J. (2002) Globalisation and its discontents. London: Allen Lane.