Globalisation – the integration of the world economy, became the economic catch cry of the last 20 years of the 20th century.Defined in ordinary language it means the deregulation of financial markets, the privatising of government enterprises, and the dismantling of barriers to the free movement of goods and services between countries.Australia, for some reason, coined its own name for the process – economic rationalism. The rest of the world heralded it as a return to the principles of neo-cla…
