In his book “The Lexus and the Olive tree” Thomas Friedman (2000) described the world as becoming an increasingly interwoven place, and whether you are a company or a country, your threats and opportunities increasingly derive from who you are connected to. Furthermore, it defined globalisation as “….a web-like structure ….. An inexorable integration of markets, nation-states and technologies to a degree never witnessed before- in a way that is enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper and cheaper than ever before”.

Globalisation aided by an increased availability of cheap accessible information and technology has broken down to a far greater extent the walls of protectionism and trade barriers making it easier for someone in a remote city of Brazzaville (Congo) to carryout business transactions like buying and selling of shares in the world stock market, engage in joint venture enterprise, carryout international procurement, import and export goods and services from all over the world without leaving the sitting room.

This integration of markets and economies with the aid of information and technology described in many writings as globalisation or free market economy has created a huge opportunity for business and investments worldwide. These investments on the other hand creates interdependency on individuals, companies and nation-states’ performance and high economic risks which has had disastrous effects all over the world like the Latin American debt crisis in the late 1980s, the Southeast Asian recession of the late 90s and the recent world economic recession.