GEOG 1410 Final: Globalization Part 1 Provides examples of globalization, provides various definitions of globalization and describes the role of big companies.

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16 Oct 2011
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The expansion of social relations, activities across traditional borders and regions. More specifically a process of the widening of the markets for consumption, investment and production on a global scale. Globalization in the form of cross-border movement in: commodities, capital (fdi- Foreign direct investment), currency (finance loans), people, ideas/information. So: distant localities of different countries/ continents are influenced by events occurring miles away. Key terms- integration and interdependance: three aspects of globalization. Of economic transactions across national borders and world regions: role of big companies or global monopoly capital (mncs/ tncs)

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