Globalisation

Globalisation is the term used to describe the increased pace of interconnectedness that has taken place over recent years. Globalisation involves the way countries over the word increase their trade of goods, services, production and resources. The acculturation of culture through media, tourism, and intergovernmental consultations, has lead to consumer demand for globalisation. The increase in transnational corporations has provided a base for globalisation, as it has established subsidiaries in other nations, aiming at achieving production facilities out of their own nation.

Throughout the globe there has been a vast increase of trade, finance, flow of investment, technology, and labour. The environment has become a greater concern demanding countries to develop environmentally friendly treaties which compromise the detrimental behaviour that leads to a decline in the level of living standards worldwide. All of this international economic and social interaction have predomi...