Introduction Globalisation is defined by the IMF (The International Monetary Fund) as the increasing integration of economies around the world, predominantly through trade and financial flows. The term sometimes also refers to the movement of people (labour) and knowledge (technology) across international borders. The term globalisation has come into common usage since the 1980s, reflecting technological advances that have made it easier and faster to complete international transactions. (World Bank Policy Research Report Overview, 2002) Understanding …
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…pp. 7-17). In World Bank Policy Research Report. Globalisation, Growth, and Poverty: Building an Inclusive World Economy. A co-publication of the World Bank and Oxford University Press; 2002. Samuelson, Robert J (2002) Deflation: The Global Economy's downside. Washington Post, 4 September. Available online: http://www.globalpolicy.org/globalisation/econ/2002/0902deflation.htm, [18 May 2003] Sibuyi, Nkosana (August 2001) Branding South Africa to the Global Village. Government Communications and Information Centre. Available: www.gcis.gov.za/docs/publications/buamag/0008_4-5.pdf, [18 May 2003]