What is globalisation?

Globalisation refers to the increasing interconnectedness and interdependence of countries around the world, primarily driven by advances in technology, communication, and transportation. It encompasses the integration of economies, cultures, political systems, and societies on a global scale. Globalisation has been facilitated by the removal of barriers to trade and investment, the expansion of multinational corporations, and the flow of information across borders. This process has led to a greater flow of goods, services, capital, and ideas across nations, creating both opportunities and challenges for individuals, businesses, and governments.

This mind map was published on 30 November 2023 and has been viewed 100 times.