Answer:
Economic globalisation is the process of increasing world trade, investment and cultural exchange. It is often seen as a way of recreating the colonial system, with developed countries dominating developing countries.
Some of the ways in which this happens include:
1. developed countries having greater access to markets in developing countries
2. developed countries being able to dictate the terms of trade
3. developed countries being able to exploit natural resources in developing countries
4. developed countries having greater control over the global financial system
5. developed countries being able to impose their own cultural values and norms on developing countries.
All of these factors serve to benefit developed countries at the expense of developing countries. Economic globalisation therefore can be seen as a way of recolonising the world.