Abstract:

As a result of the Asian crisis in 1998 and the Global Financial Crisis (GFC) in 2008, there is increasing speculation that 'Globalisation' may have stalled. Regardless, do developed and developing nations actually benefit (or suffer) from globalisation? Some have argued that globalisation has created 'imbalance' between nations, and the GFC was the zenith of speculation in financial and property markets. Others have concluded that the world is organised around regions such as Europe, North America and Asia, thus making a case for 'regionalisation'