Globalisation

Globalisation

1. Globalisation is the process of growth in the world markets through a process of integration where it is possible to sell finished products and source raw materials from all over the world

   • Factors that help globalisation
     • Internet
     • E-commerce
     • Communication technologies
     • Liberal trade
     • Transport infrastructure
     • Growth of multinationals

2. International Trade is the exchange of capital, goods and services across the borders of different countries

   • Benefits
     • Increases variety of products/services available to consumers
     • Growth access to millions more customers
     • Economic efficiency will allow companies to economies of scale
     • Specialisation means that countries can specialise in certain industries