geography impacts of globalisation

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impacts of globalisation

finance

  • global capitalism is now spread by large transnational corporations (TNCs) with greater turnovers than the GDP of many countries- using cheaper labour in developing economies to supply consumers in America or Europe
  • trillions of dollars are exchanged electronically each day around the world in payments and debt
  • there is worldwide reduction in consumer prices- a race to the bottom price

politics

  • companies such as News International influences how people vote and think about issues. politicians seek their suport because voters opinions are affected by what they say and read.
  • there has been expnasion of international political…

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