The development of globalisation

Global flows

• ==Capital== - A range of businesses buy and sell money in different currencies to make profit.
• @@Commodities@@ - Valuable raw materials such as fossil fuels, food and minerals have always been traded between nations. Flows of manufactured goods have multiplied in the past few years.
• $Information$ - The internet has brought real-time communication between distant places, allowing goods and services to be bought at the click of a button.
• %%Tourists%% - Many of the world’s air passengers are holiday-makers. Budget airlines have made it possible to travel far away easily and cheaply.
• ^^Migrants^^ - Of all global flows, the permanent movement of people still faces the greatest number of obstacles due to border controls and immigration laws. Many governments embrace trade flows but attempt to resist migrant flows.

Remittances - The transfers of money across national boundaries by migrant workers.

Feedback loop - The part of a system which some portion (or all) of the systems output is used as an input for future operations.