What is globalisation as mentioned in yet another EU speech?

Question

"Recent labour market reforms are beginning to show an impact," said Vladimír Špidla, EU Employment Commissioner. "Structural unemployment has fallen by one third since 2004 and the EU employment rate, currently at 66%, has moved much closer to our overall target of 70%. All Member States have implemented substantive reforms since 2005, but some have responded more robustly than others. We need to redouble our efforts to effectively respond to the challenges of globalisation and ageing, in particular by investing more, and in a more targeted way, in lifelong learning."

Answer 1

A good example would be, all our manufacturing is carried out in the Far East, because of cheap labour costs, whilst Brown believes the UK is a 'knowledge' economy, where we excel in banking, design, and other wonderful things. Globalisation is just a way of moving the work to where the best resources are - the bugger is it wrecks economy's and again the UK is a perfect example of this.