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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

IMPORTANCE....

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

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