Social Studies Chapter 8. Globalisation

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Globalisation

• interconnections can lead to interdependent relationships between suppliers, producers and consumers. An interdependent relationship is one where two or more parties are mutually dependant on each other.

• example : producers of suppliers and their suppliers of raw materials

Driving Forces of Globalisation

• creates interconnection between ideas and activities of people in different parts of the world at a great frequency and intensity than before

• creates interdependence between people and countries.

• 3 key driving forces - Development in transportation - Growth of multinational corporations (MNCs) - Advancements in technology

Developments in Transportation

• travel time from place to place is greatly reduced

• improvements made to the size and speed of transportation modes enabled more goods and people to be carried per trip