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