11. Globalisation & Development Flashcards
1
Q
What is Globalisation?
A
This is the process of integration and interaction between people, companies and governments of different nations.
It entails reduction and/or elimination of national barriers for the global movement of goods, services, technology and capital
2
Q
What drives Globalisation?
A
It is driven by international trade and investment aided by information technology.
3
Q
Forms of Globalisation
A
1) Economic Globalisation
2) Cultural Globalisation
3) Political Globalisation
