What you need to know...
- You should be able to give a suitable economic definition of globalisation e.g. the process by which the world is becoming increasingly interconnected as a result of increased trade.
Globalisation: What is all the fuss about?
- Globalisation101 gives a very clear definition of globalisation in the following terms;
"Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world."
Globalisation: video insights