Globalization is the process by which the world is being interconnected as a result of increased trade and cultural interaction
TNCS are transnational companies
TNCS are companies that operate in more then 2 countries
Economic globalization is the global connections and flows of money between businesses jobs and workers
Social globalization
The growth in interactions and sharing of information between people from different cultures backgrounds and countries
Political globalization
The increasing amount of agreements treaties and deals made between different countries
Social media can influence world politicsĀ
Trump on Twitter
Brexit
Politicians using social media
Technology has accelerated globalization
Containerisation - a system of transporting huge amounts of goods via sea shipping more cheaply. It enables global supply chain.
IT advances have sped up globalization. It has led to the whole world being connected by media. The internet has reduced barriers of time and place. Technology is now accessible for majority of countries.