Globalisation

Globalisation

1. Definition: The geographic dispersion of industrial and service activities, and the cross-border networking of companies.

2. KEY POINTS

   • Globalisation is a process in which economies become increasingly integrated and inter-dependent
   • Globalisation is dynamic rather than an end state
   • Globalisation is not inevitable - it can reverse

3. KEY FEATURES

   • Trade : GDP ratios increasing for most countries
   • Expansion of financial capital flows between countries
   • Foreign direct investment and cross border M&A
   • Rising number of global brands