Factors Promoting and Impeding Economic Globalisation1.1 INTRODUCTIONGlobalisation has become a profound concept in social sciences; it is hard to discuss the current developmental issues without making any comment on globalization. Globalisation has accelerated rapid changes and the progression towards the development. Furthermore, globalisation connected people to one another. For example, in the previous era the world is connecting to each other through traditional method which is via mail, now, people can connect to each other via internet. Indeed, understanding of globalisation need to be viewed from the four analytical dimensions. Namely, economic, political, cultural and technological globalization (Kiefee and Steve, 2005).This essay is more concern with the economic globalization. Economic globalization is been expressed in what is known as neo-liberal policy supported by Washington Consensus.
