GLOCALISATION : The most strategic way to tackle our escalating social and ecological crises?
Over the past 30 years, giant banks and corporations have become wealthier and more powerful than ever before. This has happened because governments, in the name of ‘ economic growth’, have supported ever-increased global trade while neglecting local business potential. Through a series of ‘free trade’ treaties, trade and financial deregulation continues today, weakening and impoverishing governments and whole countries. This is the essence of economic globalisation. Despite the rhetoric of inevitability that supports it, globalisation is a process of planned change — the consequence of government policies that support the profit-driven agendas of big businesses and banks. These policies include the building up of transport, communications and educational infrastructures tailored to the needs of global corporations; the over-regulation of local and national businesses; and the use of misleading indicators like GDP. Since globalisation is at the root of so many...