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Globalisation: A ranking of South Africa and other emerging market economies

Globalisation is characterised by the fact that distance and national borders no longer matter because of the ease with which business can take place with a customer across the globe. This means that the nation state and geography are no longer relevant for economic purposes. However, while the opportunities and benefits of the opening of economies are emphasised by its proponents and supporters, disillusionment is growing among many policymakers and economists about the costs and risks involved in the globalisation of national economies, and the impact they may have on future growth prospects.