Globalisation
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4 Terms
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Globalisation
Process by which businesses, organisations and countries develop international influence or start operating on an international scale
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What does globalisation involve
Increasing interdependence and integration among the worlds economics, markets, societies and cultures
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What hey factors drive globalisation
Advancements in transportation and communication technologies, liberalisation of trade and capital movements, reduction of barriers to international trade
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What did globalisation process lead to
More interconnected and interdependent world where goods, services, information and people move more freely across border
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