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GLOBALIZATION - Coggle Diagram
GLOBALIZATION
IMPACT
- Increase in economic transactions
- Increased circulation of goods
- Rise of technology mass production
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- Progressive increase in automation
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WHAT IS GLOBALIZATION?
The process by which businesses develop international influence or start operating on an international scale.
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CAUSES
Political changes in the 20th century removed physical and legal barriers that limited international trade
Political Globalization: Growth of governments, societies and non-governmental organizations at the international level (Nation-state relationship)
Cultural Globalization: Expansion and common consumption of cultures from the transmission of values around the world, intensifying social relations between nations
Economic Globalization: Widespread international movement of goods, services, technology and information and the integration of economies among nations.
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