GLOBALISATION - created from Mind Map

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IS A PROCESS OF INTERACTION AND INTEGRATION AMOUNG THE PEOPLE,COMPANIES AND GOVERNMENTS OF DIFFERENT NATIONS.

STARTED IN DURING THE MIDDLEAGE

TECNOLOGY HAS BEEN THE OTHER PRINCIPAL DRIVER OF GLOBALISATION

STARTED DURING THE MIDDLE AGE

TECNOLOGY HAS BEEN THE OTHER PRINCIPAL DRIVER OF GLOBALISATION

IS A PROCESS OF INTERACTION AND INTEGRATION AMOUG THE PEOPLE, COMPANIES AND GOVERNMENT OF DIFFERENT NATIONS

ADVANTAGES

DISADVANTAGES

ECONOMIC GLOBALISATION

OUTSOURCING AND OFFSHORING

INCREASED FREE BETWEEN NATIONS

GREATER EASE OF TRANSPORTATION FOR GOODS AND PEOPLE

INCREASED PROBABILITY OF ECONOMIC PROBLEMS IN ONE NATION AFFECTING ALL NATIONS

NO GUARANTEES THAT THE WEALTH FROM INVESTMENT WILL BENEFIT THE LOCAL COMMUNITY

IT MAY INVOLVE TRADE BETWEEN INDIVIDUALS OR BUSINESSES IN ONE COUNTRY WITH THOSE OF ANOTHER.

ALLIANCE CAPITALISM

THE COMPANIES COORDINATE THEIR ACTIVITIES WITH MANY ENTITIES THROUGHOUT THE WORLD, PRODUCING IN MANY PLACES WITH COMPLEX NETWORKS OF PRODUCTION AND FINANCE

CAN BE DEFINED AS THE SUB-CONTRACTING OF ACTIVITIES TRADITIONALLY PERFORMED WITHIN A COMPANY TO AN EXTERNAL SERVICE PROVIDER

IS A SMALL BUT IMPORTANT SUBSET OF OUTSHORING AND TAKES PLACE WHEN A COMPANY OUTSOURCES SERVICES TO A THIRD PARTY IN A FOREIGN COUNTRY