Globalisation

Globalisation is the world becoming increasingly interconnected due to increased trade and cultural change.  It is the process by which, people, cultures, money, goods and information can be transferred between countries.

Features of Globalisation:

• Emergence of global brands e.g. McDonald's
• International Trade.
• Dependence on the global economy
• Businesses that operate in more than one country
• Freer movement of goods, services, labour and capital.
• Migration - the movement of people from one place to another.