11. Globalisation & Development

Question 1

What is Globalisation?

Answer 1

This is the process of integration and interaction between people, companies and governments of different nations.

It entails reduction and/or elimination of national barriers for the global movement of goods, services, technology and capital

Question 2

What drives Globalisation?

Answer 2

It is driven by international trade and investment aided by information technology.

Question 3

Forms of Globalisation

Answer 3

1) Economic Globalisation
2) Cultural Globalisation
3) Political Globalisation