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Globalization - Coggle Diagram
Globalization
Aspects of globalization
Definition
Free flow
Ideas, people, goods, services, capital
Integration of economies
Dimensions
Technology & Information
IT advances
Fast communication
Culture
Diversity erosion
Homogeneous culture
Low-cost travel (airlines)
Language
Global English
Business language
Health
Disease spread
High mobility risk
Economic Globalization
Core Drivers
IT development
Trade barrier elimination
Multinationals
(profit maximisation)
Global organizations
IMF
Fiancial stability
Loans
International cooperation
WTO
Free trade
Rules
Dispute resolution
Intregration of national economies
Financial Markets
Investment
Trade
Companies operate globally