What is Globalisation?

we explain the process of globalization globalization is the term used to describe the way countries are becoming more interconnected both economically and culturally globalization is an international process driven by trade investment technology and finance this process has effects on the environment on culture on political systems on economic development and prosperity and on human phys physical well-being in societies around the world globalization is not new though for thousands of years people and later corporations have been buying from and selling to each other in lands at Great distances one such example is the th Silk Road across

Central Asia that connected China and Europe during the Middle Ages but what exactly drives globalization over the past 20 years there have been significant developments in both Communications and transport Technologies the introduction of specialized bul carriers and container ships has helped to reduce the cost of transport and greatly increase the volume of World [Music] Trade recent developments in Communications technology especially the development of the internet and email enable people anywhere on Earth to have access to and distribute vast amounts of information the production and distribution of goods and services is increasingly dominated by very large

companies known as transnational corporations tnc's the business Links of tnc's create a more integrated World economy where decisions made in one country can affect people in other parts of the world international trade has given countries access to goods and services they are unable to produce themselves or can obtain more cheaply from other places Watch the next video to find out the impacts of globalization thank you for watching aduma Kate