What is Globalisation?
ECONOMIC INTEGRATION???
CAUSED BY:
The reduction or elimination of he barriers to the flow of goods, services and factors of production between nations
The process by which businesses or other organizations develop international influence or start operating on an international scale
ECONOMIC
GLOBAL SHIFT:
Re-emergence of Asia, particularly China and India, as global economic and cultural powers
- BUSINESS
- EXPORT/IMPORTS
- GDP'S
- MULTINATIONAL CORPORATIONS
- FINDING LOW LABOUR AND RESOURCE COSTS
- INVESTORS
- NEW IDEAS
Today global corporations have become more important than governments, controlling greater wealth and investment thanks to support from the World Trade Organization (WTO).
THREE MAIN AREAS OF GLOBALISATION
1. ECONOMICAL
2. POLITICAL
3. CULTURE
GLOBALISATION AND GLOBAL SHIFT