In this respect, we use the Konjunkturforschungsstelle (KOF) globalisation index to explore the dynamic link between economic growth, financial development, trade and various dimensions of globalisation and energy consumption.
This is due to the widespread dissemination of a Western-type culture, along with the globalisation of food production and consumption which is related to the homogenisation of food behaviours in the modern era [ 12].
For example, the globalisation of food production, trade and consumption has been associated with the increased spread and transmission of food born diseases [ 57, 58].
We must examine all aspects, economic and ideological, of our growth-dependent system, starting with the rhetoric of development that upholds an industrial, US/European-style society as the pinnacle of human wellbeing, and extending to the monetary system that drives globalisation and the growth of consumption.
The first unbundling represented globalisation's geographic separation of production and consumption more than a century ago.
But, as with present-day globalisation, it is hard to marvel at the free flow and consumption of diverse commodities and artefacts without wondering whether they advanced understanding and sympathy across nations and cultures at the same time.
How will globalisation and liberalization of markets influence local and regional food production and consumption patterns?
The unfettered globalisation of capital annexed more parts of the world into a uniform pattern of desire and consumption.
Personal income and consumption increase.
Likewise, their characteristic of being strongly tied to the values of their community seems to be part of a trend of growing interest in local food products, as opposed to the globalisation of consumptions (Bean and Sharp 2011; Rausser et al. 2015).
Granger causality reveals a feedback effect between economic globalisation and financial development; globalisation in China can only reduce energy consumption if China develops its financial sector to a greater extent.
