Globalization, Growth and Sustainability: An Introduction

Abstract

Globalization--the process of economic, political, social and cultural integration--is transforming the world into a “global village” at an accelerating pace. The process is driven by an increasing liberalization of restrictions on the mobility of goods, services, capital (both real and financial) and technological knowledge. The recent revolution in transport and information technologies is acting as a great catalyst, accelerating the process to an often unmanageable extent for many developing countries.