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Globalisation
The growing inter pe fence of countries worldwide through the increase of transactions in goods and services across a variety of borders due to the more rapid and widespread diffusion of technology.
What are the dimensions of globalisation?
Flows of information, technology and capital.
Flow of information
Communication
LICs
Low income country
HICs
High income countries
What are the factors of globalisation?
Global finance system, security, trade agreements, transport systems, technology.