1. The concept of globalisation; of a world without borders; of unrestricted movements of capital, goods and investments across borders was promoted during the late 80’s and early 90’s when the world economy seemed set to grow forever.
2. The growth would be even greater if the poor but resource-rich countries would abolish the restriction on the movement of foreign capital to exploit opportunities presented by them. In addition to the opportunities there was cheap labour to help reduce cost.
3. The poor countries would also gain from globalisation as foreign capital invested in the extraction of raw material and simple components manufacturing would create jobs and increase the income of the people and the revenues collected by Government. Globalisation would seem to benefit everyone, the rich foreign investors and traders and people in poor countries.