Hy371 Week 1 Assignment

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– Globalisation (Assignment 1) HSY 3701/1 ASSIGNMENT: 1 unique code: 862610 11 March 2013 According to Knox et al (2003: 71 – 83) we can distinguish six basic features of the world economy as: -­‐ Firstly the world economy consists of a single world market, in which production is for exchange rather than use. -­‐ Secondly, the world economy has always had a territorial division between political states. This division

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