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... "Arguments about the globalization of economic relations have become commonplace, part of the everyday diet of social science and publicaffairs alike. Typically they are backed by reference to a wide variety of empirical tendencies. These include the growth of multinational and transnational corporations, the expansion of trade and foreign investment, the New International Division of Labour, the enhanced mobility of money capital across international boundaries, intensified international competition with the rise of the Newly Industrializing Countries (NICs), and the globalization of markets for consumer goods" (Cox, 1997, 1).
Few global economic ideologies or phenomenon have instigated as much c...