4.1 - Globalisation

Question 1

Define globalisation

Answer 1

The spread of the trade of financial products, goods, information and jobs across national boarders, resulting in an increasing interconnectedness between countries.

Globalisation is the economic integration and increasing interconecctedness of different countries through increasing freedoms in the cross-border movement of people, goods/services, technology & finance.

Question 2

Explain why globalisation prompts businesses to specialise