Causes of Globalisation
- Globalisation is where the world has or is becoming interconnected through the processes of economics, culture, politics, trade and tourism
- It also includes environmental globalisation through the impacts of global warming
- Modern transport and communications have made trade almost instantaneous
- Globalisation removes political borders of countries, which makes them more interdependent on each other, with the more powerful countries and businesses affecting decisions in other parts of the world
- This has seen a rise in global inequality
- These improvements and developments in communication and transport have made globalisation what it is today—a shrinking world
Time-space compression
- Overall, connections around the globe are:
- Faster: faster speeds for talking, travelling, money exchange, etc
- Deeper: connecting lives with faraway places
- Longer: connecting links between places are further apart
- These connections are considered network flows to places and populations through four significant developments:
- Appearance of large transnational corporations (TNCs)
- Growth of regional economics and trading blocs
- Development of modern transport networks
- Advances in IT and communications, particularly the WWW and the internet