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The Globalisation - Coggle Diagram
The Globalisation
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Firstly the fall of the Berlin wall in 1991; this peace affected the business world in two major way:
The first meant that new markets, were now open for trade
The second was that technologies developed for military purposes were transferred to the private sector for commercial use.
The globalisation is the process of interaction and integrationh among people, companies and governments worldwide.
During the first period the invention of industrial revolution were being put to good use, so it was easier to trade and travel to distant parts of the world; and the good could be produced more quickly and cheaply.
The second wave of globalisation began after World War II with international talks to facilitate economic growth and reduce the forms of protectionism that had been created.
Global trade and economic integration continued to grow, but in 1990 there is a drammatic change.
The last important change was caused by the developments and progress in communication, technology and transport.