ABSTRACT
Economic globalisation refers to flows of trade and capital among and between countries. A critical view on economic globalisation is that the historical forces influencing how and when a given country becomes integrated into global trade (and the world economy as a whole) condition the potential paths of development open to that country (e.g., Ref. [1]). Here, trade and other relations between countries act as structural mechanisms enabling wealthier, more core countries to maintain favourable terms of trade, which, in turn, negatively impact less developed, more peripheral ones in a variety of ways [2, 3].
