The tremendous growth of international trade over the past several decades has been both a primary cause and effect of globalization the volume of world trade increased twenty seven fold from 296 billion in 1950 to 8 trillion in 2005 wto 2007. Introduction world trade organization wto found in 1995 and headquarters is in geneva has its clearly main purposes since its beginning that to promote economic and trade development all over the world. Globalization and law law beyond the state ralf michaels i introduction if globalization is the main paradigm of our time then a chapter on globalization and law could also be entitled simply the law of our time few if any areas of law are not at least potentially fundamentally impacted by globalization in reality of course the impact of globalization on legal thought has so . Globalisation means that the world is becoming interconnected by trade and culture exchange this study guide looks at the reasons for globalisation and its positive and negative influences. Assess the impact of trade liberalization on employment and wages in south africa secondly it secondly it is to analyse the implications of trade liberalization for labour law as a system of rules that seeks
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