Globalisation means that the world is becoming interconnected by trade and culture exchange. This study guide looks at the reasons for globalisation and its positive and negative influences.
Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services. The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries.
Globalisation has been taking place for hundreds of years, but has sped up enormously over the last half-century.
Globalisation has resulted in:
Although globalisation is probably helping to create more wealth in developing countries - it is not helping to close the gap between the world's poorest countries and the world's richest.
The animation shows how wealth is distributed. Click on the income brackets to see where the richest and poorest countries are located.