What is Globalisation?
'the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in good and services, freer international capital flows and more rapid widespread diffusion of technology'
basically econmic growth of countries due to trade and technology :|
Types of Globalisation:
1. Economic Globalisation - the growth of TNCs (Transnational Corporarations)
2. as TNCs have grown, cultural globalisation has followed. Mcdonalds is present in 120 countries with 30,000 outlets. :O
3. Political Globalistion - dominance of Western democracies (G8 Countries)
4. Demographic Globalisation - results…