The Concept Of Globalisation
- Created by: AnnaHodgson
- Created on: 08-04-14 11:23
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- the concept of globalisation
- refers to the economic and social processes increasing interdependence between countries i.e. the flows of ideas, people, products, services and capital
- economic and social trends linked closely to globalisation
- TNC goods
- international trade
- rising importance of LEDCS. For raw materials, manufactured goods etc
- decline of traditional manufacturing industries
- deindustrialised
- the offshoring of services such as ICT , billing and customer care from MEDCS to LEDCS
- greater dependence of the global economy on flows of capital, controlled by world cities
- rapid increase in the international migration of people and the creation of an international labour market
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