Globalisation Flashcards
Globalisation
is the increasing connectedness of countries around the world through movement of goods, services, capital and ideas across borders
What are the types globalisation
social
economic
political
environment
cultural
Example of social globalisation
migration , tourist
Example of cultural globalisation
migration and language
Example of economic globalisation
Currencies , trade and aid
Example of political globalisation
NATO and EU
Transnational Corporations (TNCs)
Companies who operate in many countries producing and selling goods and services
Glocalisation
Changing the design of products to meet local tastes or laws
Trading blocs
A group of countries and/or organisations that work together for trading purposes
How would we describe modern globalisation
Lengthening of connections between people and places, with products obtained from further away than ever before
Deepening of connections with the feeling of being deeply connected to other people and places in every aspect of life
Faster speed of connections, with the ability to communicate with others in real time using new technologies or travelling quickly between continents