Features of Globalisation

Features of Globalisation

1. Increased migration

   • Increased tourism
   • People travelling around the world/country
   • People working in foreign countries

2. Free Trade

3. Globalisation of economic actiivity

   • Governed by domestic market
   • Governed by world market

4. Import and Export system

   • Free flow goods
   • Free flow services

5. Privatisation

   • Increased amount of private businesses
   • Preventing government from taking control of business

6. Increased collaboration

   • Rapid modernisation
   • Technological advancement

7. Economic Reform

   • Fiscal reforms
   • Financial reform
   • World trade
   • Free enterprise