Globalisation refers to the integration of markets in the global economy, leading to the increased interconnectedness of national economies. It involves the free trade of goods/services, capital and
labour and the free interchange of technology and intellectual capital.
Factors contributing to globalisation include:
Trade in goods:
Trade in services:
Trade liberalisation:
Multinational corporations (MNCs):
International financial flows:
Communications & IT:
Containerisation:
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