Globalization

Globalization

1. Globalization is a process of interaction and integration among the people, companies,

2. Driving forces of globalisation

   • Growth of MNCs(multinational corporations)
     • Starbucks
       • Produces coffe beans from 27 countries from north and south america ( provides jobs for people in the region)
         • Transportation of beans ( jobs for delivery)
           • Sold in stores all over the world ( job opportunities around the world)
     • MNCs control aspects of global trades and investments
       • Mncs broughts advantages in terms of employment and higher wages
       • MNCs cooperates with companies from other country to further improve technology
   • Development in transport
     • Air,Land,Water Transports
       • 1903 First Engined plane Capacity of 1 passenger
         • 1913 FIrst commercial pasenger aeroplane Capacity 16 passenger
           • 2005 passenger aeroplane Capacity 853 passengers
       • 1769 Steam-powered automobile 7.8km/h
         • 1885-1886Benz Patent Motor Car 13km/h
           • 1901 FIrst modern car mecedes HP 35 75km/h
             • 2012 Hennessey Venom GT 435km/h
       • 9th century longships 9-28km/h
         • 19th century steamships 13km/h
           • 20-21th century container ships 37-46km/h
     • Singapores transportations allows singapore to connect with the world to exchange ideas and goods for development
   • Advancement in technology
     • 1973 FIrst Wireless telephone
       • 2007 FIrst Apple Iphone
         • Wifi enabled and offered full featured browser
           • allows quick exchange for informations online
         • 2014 XIao Mi Samsung
           • More smartphones with special features and functions are available
             • Faster process speed and transfer speed for faster exchange of information
     • Advancement in technology made it more convenient for people to communicate and exchange for information