What is globalisation?

Answer 1

Globalization pretty much means global business. Globalization is when countries transport goods and many other things over the border to Another Country. Many people think that this world has no borders because we are so connected but others complain that globalization is making the rich richer and the poor poorer.

OR

We can put our business on global level.

As far as user is concerned he can get what he wants in any country and as far as a company is concerned, it can get customers through out the world.

The use by wealthy companies of the cheapest labour in any part of the world to drive down the cost of production there increasing profit.

But also globalisation is not just only business. It's an exchange of politics, trade, technology, services and economics between countries. It's basically the world getting smaller. Like China town in Melbourne; a perfect example. Globalisation has increased rapidly since the end of the cold war, and this is because it thrives under capitalist conditions. Globalisation is a concept. Globalisation can bring benefits like new technology, and peace between nations through trade. Negative effects are like the gap between the rich and the poor widening. It's a huge concept.

Answer 2

Globalization pretty much means global business. Globalization is when countries transport goods and many other things over the border to Another Country. Many people think that this world has no borders because we are so connected but others complain that globalization is making the rich richer and the poor poorer.

OR

We can put our business on global level.

As far as user is concerned he can get what he wants in any country and as far as a company is concerned, it can get customers through out the world.

The use by wealthy companies of the cheapest labour in any part of the world to drive down the cost of production there increasing profit.

But also globalisation is not just only business. It's an exchange of politics, trade, technology, services and economics between countries. It's basically the world getting smaller. Like China town in Melbourne; a perfect example. Globalisation has increased rapidly since the end of the cold war, and this is because it thrives under capitalist conditions. Globalisation is a concept. Globalisation can bring benefits like new technology, and peace between nations through trade. Negative effects are like the gap between the rich and the poor widening. It's a huge concept.