What is Globalisation?

Globalization is the process of increasing interconnectedness among regional economies, societies, and cultures, driven by advancements in communication, transportation, and trade. Technological progress has reduced transport costs, enabling goods and services to cross borders more cheaply. The removal of trade barriers has expanded commerce, while advertising spreads ideas globally. Transnational corporations, originating in developed countries, often operate in less developed regions to cut costs and boost sales. Globalization offers benefits like job creation in India but also challenges, such as unsafe working conditions and the decline of industries like the US car sector. This complex phenomenon continues to evolve, driven by economic motives.

What are some factors that have contributed to the rise of globalization?

How has technology influenced the process of globalization?

How do transnational corporations impact local economies?

What are the benefits and problems associated with globalization?

In what ways has globalization affected the car industry in America?