The term globalisation can take on different meanings according to the context in which it is used. From an economic perspective, globalisation can be referred to a process by which the different national economies are integrated into a wider global economy.Globalisation can also be said to be a process of increasing international integration in economic, political, social and cultural spheres, whereby actions beyond national boundaries constrain and influence national outcomes. The interaction is seen in the form of increased flow of goods and services, increased flow of capital, increased cultural and political interactions, migration of people and many others