What is Globalisation?

My undergraduate degree is in Physical Geography so it has been a while since I have studied any aspect of Human Geography in great detail. As a start, I tought it was best to find out the definition of Globalisation, and where better to find out then BBC Bitesize revision to refresh my memory.

Globalisation is the process by which the world is becomming increasingly interconnected due to the increase of Trade and Cultural Exchange. Globalistion has in turn increased the production of goods and services and has made a lot of once National firms, now Multinational Companies.

Globalisation has had the following results:

• Trade between countries
• Greater dependance on the global economy
• Helps companies operate in more than one country
• Freeer movement of goods and services
• Recognition of multinational companies such as Starbucks in LEDC's