rights and improved human wellbeing as guiding considerations for multilateral trade negotiations and calls for mainstreaming the right to development and strengthening the global partnership for development within international trade institutions among other things. The right to development provides a framework for the consideration of extraterritorial obligations and the obligations of States in their collective capacities, including as members of international Organisations like the World Trade Organisation and multilateral development banks, and as actors in global trade, investment and finance. As trade negotiations have proliferated and the human rights impact of trade and investment agreements is better understood, it has become increasingly clear that States must step up their efforts to integrate human rights, including the right to development, in new trade and investment in order to fulfil their human rights commitments. Likewise, the obligations outlined in the Declaration require that aid or official development assistance, as well as international lending, should be adequate, effective and transparent, administered through participatory and accountable processes, and targeted towards the countries, people and groups most in need, including within those States where the ability to mobilize domestic resources is weakest.
. Globalisation: Concept, Causes and Consequences Meaning Globalisation postulates a structure of interaction among countries leading to an integrated world economy. This interaction is manifested in a variety of expressions ranging from social to political and cultural to economic and technological by means of improvising the means of communication, infrastructure and transportation. International trade and cross-border investments are acknowledged to be the vital factors in creating an integrated world economy.
The idea of integration requires further examination given the inherent complexity. Theoretically, it consists of two subsets namely negative integration and positive integration. The former talks of the policy of free trade, which talks of removing trade barriers or protective barriers such as tariffs and quotas whereas the latter focusses on standardizing international economic laws and policies. At any given layer of the term Globalisation in its truest sense refers to an emanating system of an international network on economic and social lines.
One of the earliest