Is Globalisation an overblown term for a process, which in reality will mean the formation of trade blocs, rather than the whole world as one single market place?

Seminar paper from the year 2006 in the subject Business economics - Economic Policy, grade: 1,7, University of Westminster (University of Westminster), course: Modern Business Cultures in the Age of Globalisation, language: English, abstract: Today everybody talks about globalisation and while some people are looking forward to a globalised and fully integrated world some critics argue that this ...