what is globalisation

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what is globalization 

Posted Thu 24th May, 2012 @ 22:35 by lanom

2 Answers

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Interdependence of the world economy where the world becomes one market place with a rapid expansion of international trade of goods and services along with an increase in the value in capital transfers as well as an increase in the number of countries involved. It also signals the internationalisation of products and outsourcing of production.

Answered Fri 25th May, 2012 @ 10:22 by Charlotte
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An expansion of world trade in goods and services leading to greater international interdependence (textbook definition)

Answered Thu 31st May, 2012 @ 18:24 by Miss-know-it-all <3