A globalised economy has several distinctive features that mark a significant shift from earlier forms of capitalism.

First, it is characterised by growing interdependence between different people, regions and countries in the world. Social and economic relationships stretch worldwide, creating deep connections across borders.

Second, economic forces are an integral part of globalisation. The capitalist system has undergone significant changes in production and communication, organisation of labour and capital, and technological innovations.

Third, the development of information and communication technologies has intensified both the speed and scope of interaction between people all over the world. This communication revolution has transformed the way we work and live.

Fourth, the electronic economy is a key feature of economic globalisation. Banks, corporations, fund managers and individual investors can shift funds internationally with the click of a mouse. This ability to move 'electronic money' instantaneously is unprecedented but carries great risks.

Finally, historically, western capitalism was built upon and maintained by global control over resources of other countries, as seen in colonialism. These patterns continue to shape the globalised economy in significant ways.