Globalisation

Globalisation

1. The ever increasing integration of the world's local, regional and national economies into a single international market.

2. ECONOMIC INTEGRATION

   • 1) Free Trade
   • 2) Free movement of labour
   • 3) Free movement of capital
   • 4) Free interchange of technology and intellectual capital

3. CAUSES

   • Trade Liberalisation
   • Growth in TNC's
   • Developments in ICT
   • Trade in Goods
   • Trade in Services
   • International financial flows
   • Foreign ownership of fims
   • Improved Transport

4. EFFECTS

   • Equality/Inequality
   • Exploitation
   • Recognition
   • Free Trade
   • Monopoly Power
   • Improved Communication