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In essence, it refers to the collective perception of "the compression of the world and the intensification of consciousness of the world as a whole" (R. Robertson, Globalization, 1992:8) This movement, some deems inevitable and irreversible, is manifested in the prevalence of multinational projects and the gradual integration of regional markets, which was resulted from rapid movements of information, labour, capital, products, and services. It is also reflected in the sizeable growth of world trade as percentage as Gross World Product (GWP) ? from 8.5% in 1970 to 16.2% in 2001(17).
The following discussion briefly outlines the causes, consequences, as well as the authors' conclusion of globalization...
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