Professional Documents
Culture Documents
GLOBALISATION
1.1
Globalisation has helped driving change in the world: has brought about
increased trade, reduced poverty, increased business dealings, increased
foreign investments, access to technology, increased international financial
activities etc.
What do you understand by the term globalization?
What are the globalization issues affecting international business and
international finance?
Globalisation Defined:
Globalisation website define Globalisation as expansion of global linkages,
organisations of social life on global scale, and growth of global
consciousness, hence consolidation of World society
Friedman T.L (1999), defined Globalisation as The inexorable integration of
markets, nation-states and technologies to a degree never witnessed before
in a way that is enabling individuals, corporations and nation-states to reach
around the world further, faster, deeper and cheaper than before; the spread
of free market capitalism to virtually every corner in the world
1.2
Drivers of Globalisation
Technological change eg ICT has increased connectivity between people
1.3
1.3