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In this chapter, you will learn about:

• Definition of Globalisation,

• Features of Globalisation

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• Defined as the process by which people,
their ideas, and their activities in different
parts of the world become linked or
integrated
• E.g. people from different parts of the
world wear clothes made in China or drive
cars manufactured in Japan.
• In summary, as a result of globalisation,
people, goods and information can be moved
easily around the world. 2
Faster & Easier Communication among
people across the world

Increasing Mobility Existence of Transnational


of Goods & People Corporations (TNCs)

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Increasing Mobility of Goods & People

• This means that goods can be transported


increasingly quickly and more easily across
the world. Similarly, people can also travel
across the world much faster and more
easily.
• Such ease of movement can only come about
with improvements in transportation
technology.

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Increasing Mobility of Goods & People

• Transportation technology are the means by


which people, materials (resources) and
products are transferred from one place to
another.
• In the 20th Century, the commercial jet
planes, large ocean going vessels and
containerisation greatly increased the
movement of goods and people from one
place and another.
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Increasing Mobility of Goods & People

• Countries have also built efficient and


integrated transportation infrastructure
such as airports, seaports, railways and
highways to facilitate this movement.
• In short, the efficient transport network
worldwide has made it possible for goods to
be moved around the world easily.
• At the same time, it has also meant that
people can travel easily.
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Faster & Easier Communication among
people across the world

• Improvement in communication technology


has made communications among people in
different locations, across the world.
• Communication technology refer to the
means by which information is transmitted
from place to place across the world, in the
form of ideas, instructions and images.

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Faster & Easier Communication among
people across the world

• People across the world can communicate via


tools such as the telephone, electronic mail,
fax and video conferencing.
• This is possible as satellite technology has
enabled messages to be transmitted from
one location and received in another part of
the world almost simultaneously.

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Faster & Easier Communication among
people across the world

• Advanced information technology such as the


Internet has enabled consumers to access
information about new products and places
more conveniently and efficiently.
• The Internet has greatly transformed the
way ones communicates, conducts business,
obtains information and purchases goods and
services (e.g. online shopping / business)
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Faster & Easier Communication among
people across the world

• At the same time, with advanced


communication technology, Transnational
Corporations (TNCs) are able to
coordinate their worldwide business
activities easily.

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Existence of Transnational Corporations (TNCs)

• Transnational corporations are large


global firms that operate in a number of
countries and have production or service
facilities outside the country of origin
e.g. Starbucks, McDonalds and Toyota
Motors

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Existence of Transnational Corporations (TNCs)

Features of TNCs
• TNCs set up their operations in different
locations around the world, to source out for
new markets and lower costs of production.
• These worldwide operations are coordinated
and controlled by the headquarters, located
in the country of origin of the TNC.

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Existence of Transnational Corporations (TNCs)

Features of TNCs
• TNCs also source out for components
from around the world before assembling
the final product in another country.
• As such, economies around the world has
become more integrated.

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Instructions: Complete the Quiz ONLINE

by 1100am and click on


“Submit”

Duration : 25 minutes

Total Marks: 20

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